SVM Highlander benefits from its net short stance

SVM Highlander saw growth of 0.4% in February, compared with a 0.7% drop in the FTSE World Europe in...

SVM Highlander saw growth of 0.4% in February, compared with a 0.7% drop in the FTSE World Europe index. Managed by Colin McLean, the €17m European long/short portfolio currently holds 31 long positions and 58 shorts. "Although most markets ended February fractionally lower, there were sharp swings in sentiment during the month," McLean said. "The bank reporting season encouraged short closing and some fresh cash commitments by conventional funds. As a result, Highlander has maintained its net short stance, with a diversified book." He said notable contributors to performance includ...