Jourdan joins Noble in First State VCT exit

Noble will take on investment management of the First State AIM VCT and act as sub-advisor on the Australia-based fund manager’s British Smaller Companies fund under the terms of the contract. Jourdan, described by Noble as a “big catch”, is due to join Noble in June and will continue to run both portfolios. First State is left with just one UK equity manager and fund run in house, the £18m British Opportunities portfolio, managed by Caspar Trenchard. British Smaller Companies remains within its fund umbrella. The company said the move reflected the fact the VCT sector was no lo...