MAM takes stake in SVM Global to 15%

clock

MAM Funds has upped its stake in Colin McLean's £146m SVM Global investment trust, fuelling speculation of impending corporate action by its shareholders.

MAM holds the investment trust across a number of portfolios, including 9% of the company in the Miton Special Situations fund, run by Martin Gray and James Sullivan.  Its total stake in the Global trust has increased from 11% to 15% since 11 September, according to Morningstar, days after the resignation of SVM co-founder and former manager Donald Robertson. The management of the trust has been taken over by McLean, who has revamped the portfolio in a bid to turn around performance, following a disappointing five years. Since October 2007, the trust has lost 41.9%, compared to the...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot