Triple Point

TP70 2009 Introduction

TP70 2009 marked the third consecutive year of the market-leading and innovative co-operation between Triple Point and GAM. TP70 2009 was a Venture Capital Trust (VCT) designed to give investors substantial exposure to GAM Diversity, the flagship product of one of the acknowledged leaders of the fund of hedge funds industry.

TP70 2009 closed to new investment on 30 April 2009. 

TP70 2009 VCT plc merged with TP5 VCT plc after the resolutions proposing the merger were passed at General Meetings of  shareholders in TP5 held on 15 September and of TP70 2009 held on 15 and 29 September.

The merger was proposed by the boards of the two Companies in order to facilitate the efficient and effective construction of a portfolio of VCT qualifying holdings but will also have the effect of reducing the overall operating costs borne by shareholders.

TP70 2009’s net assets were transferred to TP5 with effect on 30 September 2009 and shares in the new B class of TP5 issued to the former shareholders in TP70 2009.


 

 

 

Triple Point Investment Management LLP is not authorised by FSA to hold client money nor market to retail investors.  If you are in any doubt as to the suitability of an investment, you should seek the advice of an Independent Financial Advisor.