Octopus takes over Close Investments AIM VCTs

  • Story by: Joy Dunbar
  • Magazine: FinancialAdviser
  • Published Wednesday , July 30, 2008

Andrew Buchanan and Kate Tidbury, who run three of Close Investments's Alternative Investment Market (AIM) venture capital trusts, are moving to Octopus Investments from next month (August).

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The three VCTs they manage will be transferred to Octopus and the pair will continue the day-to-day management of the Aim portfolio of investments.

Buchanan set up the first VCT in 1995 and he was an active institutional investor in Aim, since before its formation in 1995.

Simon Rogerson, chief executive of Octopus, said that the pair "real flagship people" and have extensive knowledge of small caps industry.

He added that it is a "coup" for them to get some of the most experienced people in Aim and VCT industry.

Octopus is one of dominant VCT providers in the UK and it manages 15 trusts worth about £250m.

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