RE: Holdings adjustments to reflect new shares13 May 2020 13:07
as i understand it, you go to calculus (or via your financial advisor) and say i have £100,000 to invest, what can you do
they offer a number of different EIS and VCT products, you pay your subscription into the pot, calculus then with your money and many other client money, they invest the money into start up / growth type companies that usually need placing capital to get going
calculus take a fee for the set up, over the course of the investment calculus manage it accordingly, then also likely take a yearly fee too
for any interested also read up how EIS and VCT investments work, it will show that they are longer term investments, they can be risky which is why they offer tax relief for the subscriber
the last investment calculus made into GDR was 2016, we are now more than 3 years after it, thus meaning for example any of their EIS investments can be sold without losing the initial tax relief
again remember calculus make their money from fees, which is not really related to the performance of the fund