Cartesian pair hit by mid-cap sell off

Stevenson and Kelly have produced strong performance since setting up boutique in December 2005, despite short-term blip in numbers

Cartesian was Resolution's second joint venture boutique and followed in the footsteps of the successful Argonaut collaboration with Neptune managers Oliver Russ and Barry Norris. This time the group turned to David Stevenson and Andrew Kelly, UK managers at SVM, who built up a strong track record with the Scottish group at the helm of UK Opportunities and a long-short Saltire vehicle. Today the pair run two similar funds under the Resolution Cartesian banner, with its UK long-only UK Opportunities fund growing to £130m assets under management. Could you explain you basic investment phi...