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Octopus Titan VCT

Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
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sinterklaas
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Octopus Titan VCT

#495850

Postby sinterklaas » April 22nd, 2022, 6:12 pm

Annual results just out, this paragraph caught the eye:

In the 12 months to 31 December 2021, we utilised £325 million of our cash resources, comprising:
– £143m in new and follow-on investments
– £102m in dividends (net of the Dividend Reinvestment Scheme)
– £35m in share buybacks
– £27m in annual investment management fees and other running costs
– £18m performance fee payable in respect of the year ended 31 December 2020
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moorfield
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Re: Octopus Titan VCT

#496089

Postby moorfield » April 23rd, 2022, 10:34 pm

sinterklaas wrote:Annual results just out, this paragraph caught the eye:

In the 12 months to 31 December 2021, we utilised £325 million of our cash resources, comprising:
– £143m in new and follow-on investments
– £102m in dividends (net of the Dividend Reinvestment Scheme)
– £35m in share buybacks
– £27m in annual investment management fees and other running costs
– £18m performance fee payable in respect of the year ended 31 December 2020



"Utilising" 14% of those cash resources to pay "fees" is perhaps taking the p___ a little ...?
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