Albion VCT

[barchid]

Cliff Weight ,who has been instrumental in drawing attention to the greed of Albion partners, has just reported a 67% increase in pay for said partners.
Sadly, it is we investors who are paying them !!!
Well worth reading his missive on Sharesoc site today.

[barchid]

Cliff
Very well done on your campaign re AAVC, I see the RNS issued this morning states that after consultation the managers are reducing their excess over the hurdle from 20% to 15%.
About as much as we could reasonably have hoped for.

[barchid]

Apologies, I thanked Cliff but I do know there were others involved as well, Tim for one, certainly !
I meant to say well done to all involved in acheiving this result.

[james188]

I agree with all those sentiments. In particular, Tim produced an outstanding couple of pieces of very detailed research/analysis on VCT industry performance fee arrangements last September, which he posted on the Albion Venture VCT:AGM 2019 thread. They are required reading for anyone who wants a better understanding of industry norms, what is best practice - and what is not.