Edinburgh-based investment house Noble will assume control of First State Investment’s AIM VCT on 4 June as it appoints fund manager Paul Jourdan from the same company.

Edinburgh-based investment house Noble will assume control of First State Investment’s AIM VCT on 4 June as it appoints fund manager Paul Jourdan from the same company.

Jourdan will run the AIM VCT for Noble, which already runs three such trusts, as well as continuing to manage First State’s Smaller Companies Fund from his new home.

First State’s board clarified that it ‘was involved in the negotiations relating to the change of manager and is fully supportive of this change’.