Amati AIM VCT Appoints New Investment Manager
Why we think this is neutral
This announcement is an update on a change of investment manager for Amati AIM VCT plc. It does not contain any of the mandatory news types that would require a more detailed analysis, such as trading updates or financial results.
Key Points
- Amati AIM VCT plc to appoint Maven Capital Partners as new investment manager
- Current manager Amati Global Investors Limited to be terminated early
- New investment management agreement includes 1.75% annual management fee, with Maven waiving fees for first two years
Summary
The investment trust has appointed a new manager, Maven Capital Partners, to oversee its portfolio and strategy.
Amati AIM VCT plc has announced that it has agreed to appoint Maven Capital Partners UK LLP as its new investment manager, effective from 1 May 2025. The change follows the early termination of the agreement with the current manager, Amati Global Investors Limited. The new investment management agreement includes an unchanged annual management fee of 1.75% of net asset value, and Maven has agreed to waive its management fee for the first two years to offset the termination payment and other costs.
Key Dates
1 May 2025
Effective date for Maven Capital Partners to be appointed as new investment manager
GENERAL UPDATE