The SVM Highlander fund is to be capped at E200m, having already raised £134m since its inception in...
The SVM Highlander fund is to be capped at E200m, having already raised £134m since its inception in April 1999.
The long/short pan-European hedge fund, managed by Colin McLean and Michael Nicol, ended 2001 some 11% up in euro terms, above average in both its European category and the hedge fund universe, according to the group.
Advisers on hedge fund selection, Albourne, noted that while results for 2001 are not yet out, hedge funds returned an average of 3.2% through November.
McLean expects the average figure of growth to be no more than 5% for 2001. This compares to returns from the FTSE All-Share and World indices of -13.3% and -15.3% respectively over the same period.
Since its inception in April 1999, SVM Highlander has returned 84.5%, following a return of 26.9% in 2000 and 31.2% in 1999.
$17trn of debt is now ‘paying’ a negative yield
47 million Brits without financial advice
Faces substantial prison term
General election on 12 December