Arc
Fund Management Ltd (Arc) was formed in 2002 when it took over
Sherriff Research Limited and changed its name to Arc Fund Management
Limited. Arc Fund Management Holdings PLC's share capital was
admitted to trading on AIM on 4th July 2006.
Arc
specialises in Enterprise Investment Scheme (EIS) investments
and has pioneered the fund approach to EIS investment so that
investors can get not only exposure to many different companies
in various sectors and stages of development but can also spread
their risk by investing in a portfolio of companies.
With
the change in tax laws in 2004, Arc decided to launch a VCT –
Venture Capital Trust – so that they could offer the choice of
a VCT for income tax relief or an EIS for capital gains tax and
inheritance tax relief.
Arc
normally invests between £50,000 and £600,000 in its EIS eligible
companies and up to £1,000,000 in VCT companies. This gives Arc
Fund Management the ability to invest in larger companies using
both VCT and EIS funds so avoiding the need to co-invest. In the
case of some of its major investments Arc can monitor the investee
company by way of the appointment of a non-executive director
to the company’s board.
The
main aim of the EIS & VCT investments is to bring all investee
companies to the AIM market so that investors can realise their
investments.
In
June 2005 Arc launched its Financial Services Authority (FSA)
approved European Property Fund. This was structured as an Open
Ended Investment Company (OEIC) and is the first such fund to
include residential property as part of its investment strategy.