Collapsed securitised debt vehicle held by suspended 7IM funds

Legacy TCAM holding

Mike Sheen
Both sub funds of the 7IM Funds ICVC were suspended this morning

Both sub funds of the 7IM Funds ICVC were suspended this morning

The now suspended £33m 7IM Absolute Return Portfolio (formerly VT Tcam Absolute Return Portfolio) and £20m 7IM Income Portfolio (formerly VT Tcam Income Portfolio) both hold significant allocations to a collapsed securitised debt vehicle, which was taken on when the firm bought TCAM Asset Management in 2018.

The Xenfin Securitised Debt fund represents 11.1% and 9.3% of the Absolute Return and Income Portfolios respectively, according to FE fundinfo. They are the sole funds in the Investment Association universe...

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