Calls for AIM improvement

Hughes, nearly half of whose microcap portfolio is invested in AIM stocks, said there was a risk that Nomads (nominated advisers), which he described as gatekeepers of the market, could damage the reputation of AIM by promoting poor quality companies. “There are good guys and there are bad guys. At this end of the market we keep an eye on people’s track records and there are one or two names who we have met with and had a word with about raising their standards,” Hughes said. The manager, whose Strata trust last year converted to a pure micro-cap vehicle from a multi-cap, global portfolio...