Just to clarify i’m speaking in terms of the fund’s value-add to freetrade, not as an investment outright. But honestly, I put 5 seconds into writing this. I saw they won Best EIS investment manager @ the 2017 Growth Investor awards (I concede that’s simply vanity), had recent activity in financials/SaaS and thought they’d be a good fit for freetrade.
Would be interesting to hear what EIS funds you’re fond of/why; Any favourites? I’ve always considered the fees too high to justify investing, so I haven’t really taken much note of them tbh.
I’ll tell you where I am coming from regarding Nutmeg. They done a CrowdCube raise and it is the worst raise I have ever seen. They answered zero questions and since then I feel it’s only a matter of time:scream:
Without wanting to go wildly off topic… the 85,000 nutmeg customer base figure quoted is interesting when compared to a crowd deduced figure of ~60,000 Freetrade customers, and a self reported 200,000 figure for Moneybox.
Particularly interesting when marketing accounted for 33% of 2018 costs as quoted in the article.
But full set of accounts provided today:
I’m amazed Balderton has been so bullish with them