Henderson wins mandate to run McLean's SVM Global trust

clock

The board of the SVM Global investment trust has appointed Henderson Global Investors as investment manager, after the board opted to drop Colin McLean's firm from the mandate.

The portfolio will be managed by Henderson's Ian Barrass and Paul Craig.  Barrass is head of Henderson's private equity fund of funds business, while Craig is a member of the firm's multi-manager team. The change comes after the trust's board announced last year that it was putting the management contract out to tender, with immediate effect. Broker Numis is backing Henderson to turnaround the trust's below-par performance. "This appears to be a good outcome for shareholders as Henderson has an experienced funds team, with a good knowledge of specialist, less liquid asset classe...

To continue reading this article...

Join Investment Week

  • 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

More on Investment

Steve Windsor of Atrato Group

Look beyond traditional asset allocation for long-lasting inflation-linked returns

Supermarkets, green energy and housing

Steve Windsor
clock 15 August 2022 • 3 min read
Recession will be the main focus in Q3

How to invest in a recession

Mild recession already priced in

clock 11 August 2022 • 4 min read
All the latest from the world of ESG investing

ESG Blog: UN secretary urged governments to impose windfall tax on 'immoral' energy companies

Round-up of ESG coverage

Investment Week
clock 04 August 2022 • 1 min read
Trustpilot