SVM Absolute Return granted FSA approval

SVM UK Absolute Alpha has received its approval by the FSA. The new vehicle from the Edinburgh-ba...

SVM UK Absolute Alpha has received its approval by the FSA. The new vehicle from the Edinburgh-based group will have an offer period running from 11 March to 7 April 2009 allowing investment in 2008/09 and 2009/10 Isas. Managed by Colin Mclean, the fund will adopt a long/short investment approach investing in UK equities and will aim to deliver returns in excess of cash (as measured by Libor) over 12 month periods, and to substantially beat cash over all three year periods. Through a full market cycle SVM expects to outperform the FTSE All-Share Index. The focus will be on generating ...