SVM's Donald Robertson has resigned from the group he co-founded back in 1990.
The group said in a statement that Robertson, who had been manager of the group's SVM Global Opportunities fund, as well as the SVM Global Fund plc, had left the business.
It said: "Donald Robertson has resigned from the company and has been granted a leave of absence with immediate effect."
Colin McLean (pictured), managing director of SVM, has become lead manager of the Global Opportunities fund, while Neil Veitch has taken over as deputy.
McLean has also taken on sole responsibility of the SVM Global fund.
As part of a shake-up of the group's fund range, SVM added the £3m Cautious Managed and £2m Absolute Alpha funds were now "under review", suggesting they may be closed in the near future.
Small funds in particular are vulnerable at present, with RDR - and its need for a new range of share classes - adding additional costs to funds and making many unviable to run.
McLean continues to run them until a final decision is made.
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