SVM UK Absolute Alpha to target firms in need of leverage

SVM Asset Management has unveiled details of its imminent UK Absolute Alpha fund, highlighting short...

SVM Asset Management has unveiled details of its imminent UK Absolute Alpha fund, highlighting short positions in failed businesses requiring leverage as key to the strategy. MD and CIO at the group Colin McLean will run the fund, which is expected to go live in March pending FSA approval. It will hold around 80 stocks, aiming to beat cash over 12 months through its high conviction approach. SVM UK Absolute Alpha fund is a long/short Ucits III fund focused on UK equities hoping to beat the market over a three-year cycle. The fund will employ a bottom-up investment process and one of...