Amati Global Investors appointed investment manager of Invesco Perpetual's AIM VCT
Amati Global Investors today announces that it has been appointed as manager of Invesco Perpetual's AIM VCT ("Invesco VCT") from 11 February 2011. The Board of Invesco VCT announced on 17 December 2010 that they intended to appoint Amati as the new manager subject to the finalisation of the necessary contracts. These are now finalised, and the transition of the administration arrangements is complete.
The £14 million Invesco VCT was formerly run by Andrew Crossley at Invesco Perpetual, and will sit in the Amati group alongside Amati VCT, the CF Amati UK Smaller Companies Fund, and ViCTory VCT, the investment management mandate for which was taken on in March 2010.
Amati is a leading AIM VCT fund manager, with a differentiated approach based on targeting qualifying investments on companies worth more than £15m, with capable management and strong business propositions, and maintaining an active non-qualifying investment policy which allows for the inclusion of attractive global investment themes.
The Invesco VCT will be renamed Amati VCT 2, subject to approval at the Company's EGM on 17 February 2011.
Commenting on the fundraising, Dr. Paul Jourdan, co-founder of Amati Global Investors, commented: "We are very pleased to have been selected to manage this VCT. Over the next nine months we will be looking to re-align the portfolio applying the same principles that we have developed successfully for Amati VCT and ViCTory VCT."