Scottish Value Management (SVM) is putting back its rebrand and has delayed moving four offshore fun...
Scottish Value Management (SVM) is putting back its rebrand and has delayed moving four offshore funds onshore.
The changes were originally to be put in place at the end of April but are now on course for September or October.
The delay is due to the length of time it is taking the Irish regulatory authorities to give approval for the move of SVM's Dublin-based funds.
Last month, Investment Week revealed that the first four offshore funds SVM planned to bring onshore were its Growth fund, run by Colin McLean, UK 100, managed by Andrew Kelly, and Continental Europe and European Growth, both run by Mike Nichol and Paul Casson.
These funds have now been included in the IMA's onshore performance tables.
SVM expects Irish regulatory permission for the move to come through at the end of April and has decided to launch at the end of summer, as it feels little money will come in before then.
The names suggested as replacements for SVM include Cobalt, Cougar, Merlin and Redwood.
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