Billboard reports that David Glick, chief honcho at The Edge investment group is heading for the US for a slate of meetings with US promoters...

Billboard reports that David Glick, chief honcho at The Edge investment group is heading for the US for a slate of meetings with US promoters.

The Edge Peformance fund, a Venture Capital Trust (the UK tax efficient investment scheme),  has already raised $40 million in its first two funding rounds and expects to raise a similar figure in the next round of funding, details for which will be unveiled in October. Under UK tax rules, half of the fund can be invested outside the UK in music and arts events. The VCT's board features a host of senior British entertainment executives, including promoter Harvey Goldsmith, artist managers Frank Presland and Michael Eaton, and Sir Robin Miller, former chairman of both EMAP and HMV.