TP70 Trading
TP70 2010 VCT plc (TP70 Trading) is a Venture Capital Trust (VCT) from the innovative partnership between Triple Point and GAM.
TP70 Trading is designed to offer investors substantial exposure to GAM Trading II GBP and VCT qualifying investments.
Investment Strategy
TP70 Trading was designed to offer a performance potentially comparable with a direct investment in GAM Trading II GBP combined with an emphasis on capital preservation, low correlation to traditional asset classes and a prompt return of investors’ capital after the required holding period.
VCT qualifying investments
By the end of the third year, exposure to Triple Point VCT qualifying investments will build to at least 70%. Triple Point seeks VCT qualifying investments that offer predictable revenue streams, liquidity and capital security.
Change to Investment Policy
The original investment strategy outlined in the prospectus could not be implemented principally due to the credit shortage. A revised investment strategy has been adopted compromising exposure to GAM Trading 1.25XL, GAM Multi Focused Macro fund, GAM Multi Systematic Trading fund and a leveraged security instrument.
TP70 Trading closed to investment on 31 May 2010 having raised £8.6 million.
Tax treatment depends on individual circumstances and may be subject to change in the future. Past performance is no guide to future performance and investors may lose some or all of their capital.