Core VCT plc (CR3)

Core VCT plc (CR3)

Blog posts

Northern Venture Trust and Other VCTs

The views expressed in this article are those of its author and not necessarily those of ShareSoc. Northern Venture Trust (NVT) recently published their Annual Report. It shows that the manager (now Mercia) collected a performance fee of £2.5 million which on my calculation raised the overall fees and expenses as a percentage of closing net asset value to 4.5%. This is way too high in my opinion even allowing for the work involved in managing a portfolio of small, unlisted investments. When ...

Core VCT – another messy VCT

It is some time since ShareSoc mentioned the Core VCTs in 2015, but due to the hard work behind the scenes by Nigel Sommerville, Tim Grattan, Robin Goodfellow and others, it looks like progress is about to happen. Nigel has written up the latest developments with ShareProphets click here to read (it is free - outside their paywall) The Times wrote about Core on 7 Dec (behind a paywall). Cliff Weight, ShareSoc, Director DISCLOSURE: I have never owned shares in Core. I have ...