McLean generates top-decile returns on SVM UK 100 Select

Fund struggling to attract assets despite strong performance in the three years since former manager Andrew Kelly left to set up Cartesian

SVM's UK100 Select fund has produced top-decile figures in the near-three years since former manager Andrew Kelly left to set up the Cartesian boutique with colleague David Stephenson. Since then, the vehicle has been under SVM co-founders Colin McLean and Margaret Lawson but still only has £2m in assets despite excellent performance. The vehicle ranks 12th out of 261 in the competitive UK All Companies sector over three years to 14 April, producing 49.1% against a peer group average of 28.7%. McLean said the vehicle has consistently taken major positions in recent years, including be...