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Post subject: Stellar launches tax efficient Technology EIS Fund
 Posted: Sep 14, 2009 - 06:24 AM
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Joined: Aug 06, 2008
Posts: 2550
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Stellar Asset Management, the specialist asset manager, today announces the launch of The Stellar Technology EIS Fund (“the Fund”). The Fund intends to actively invest in UK technology companies which are being starved of new capital for expansion. These companies will have an established revenue stream and proven technology.
Stellar believes that demand for Enterprise Investment Schemes (EIS) will increase both this year and next as high earners seek alternative tax efficient investments. Valuations of technology companies are currently depressed and there are few experienced providers of capital actively investing in this sector.
The tax benefits of investing through an EIS offer means that investors can benefit from 20% income tax relief, up to 40% capital gains tax deferral and the shares are 100% exempt from inheritance tax after two years.
Stellar has joined forces with a specialist management team, Accretion Capital, who have been well known to them for many years, to launch the new Fund. Accretion Capital was set up in 2007 by Michael Bourne and Stephen Bellamy to focus on technology companies, their particular area of investment and management expertise. Mike Bourne, with more than 20 years fund management experience, is one of the most recognised names in technology investing and has won numerous industry awards including TechMARK Fund Manager of the Year on three occasions. Stephen Bellamy has extensive experience not only as a strategic investor but also in managing technology businesses in both an executive and non-executive capacity.
Jonathan Gain, Chief Executive, Stellar Asset Management, says:
“The Pre-Budget Report has highlighted the need for investors to use Enterprise Investment Schemes that actually assist smaller companies. We are therefore delighted that we can offer the investment management expertise of the Accretion team supported by the tax efficient structure of an Enterprise Investment Scheme. Michael Bourne and Stephen Bellamy are an award-winning technology investment team and to be able to offer their expertise within such a tax-efficient investment is a big coup for Stellar and more importantly for private investors.”
The minimum investment for the Fund is £10,000 and initial commission of 2.5% and 0.5% trail are available for authorised intermediaries. Stellar is offering a 2.0% discount on the initial fee for investments made in the fund before 31 January 2010. |
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