[UPDATED 30 November for additional facts] Interesting to compare Albion's greed (59% of cash invested before any realisations) in the Quantexa affair with ..[ insert name of VCT PONZI scheme of your choice]
This is why Investment Managers annual and performance fees need to be scrapped for a "cost plus" until profits are realised: let us hope the Chancellor agrees. QUANTEXA offers an interesting insight for arguments to be put to The Chancellor in her requested "consultation". First off - well done Albion for spotting the opportunity - the only VCT that did, even with the bribery, fraud and corporate failings in which they later indulged. (NB. AUDITORS AND "VALUERS" TO ALL PARTIES: BDO llp !) Total Cash Invested across all Albion VCTs (2017-2020): £10,075k Annual fees paid (based on AADV 2.5% plus 20%) before any realised profit: £4,536k Performance fees paid in 2018 and 2020: £520k + £465k ...