SVM awaits FSA approval for Absolute Alpha launch

SVM Asset Management is set to launch the SVM UK Absolute Alpha fund, a long/short UK equity Ucits f...

SVM Asset Management is set to launch the SVM UK Absolute Alpha fund, a long/short UK equity Ucits fund with a similar investment approach to its existing SVM Saltire fund. The fund is currently awaiting FSA approval and will be managed by SVM MD and current manager of its Saltire vehicle, with Hector Kilpatrick as deputy. The Edinburgh-based fund group believes the 2009 stock market environment could continue to prove difficult for conventional long-only funds and is responding to that belief with the its launch, which will be able to move net long or short positions in a go-anywhere a...