Premier to take Enterprise fund back from SVM

Premier Fund Managers will take back management of its fund of investment trusts from SVM Asset Mana...

Premier Fund Managers will take back management of its fund of investment trusts from SVM Asset Management this July. The management of the £31m Premier Enterprise fund will be handed to Nigel Sidebottom, who heads the firm’s closed-ended fund business and manages portfolios within four of Premier’s investment trusts. The fund was contracted to JO Hambro Capital Management (JOHCM), which in turn sub-delegated its management to Colin McLean and Donald Robertson at SVM. The two were handed management of the fund in summer 2002 after previous manager Peter Metcalfe left JOHCM.