SV hedge bet pays off

Colin Mclean's decision to invest up to 30% of assets from the Scottish Value trust in hedge funds and other hedge investments in February this year has been a major factor behind the trust's strong performance for the six months to 31 March 2002. Over this period, the trust is ranked third out of 27 funds in the global growth sector, according to the AITC. Its NAV has increased by 19.3% compared to a 11.9% rise in its benchmark, the FTSE World Index. In February, Investment Week revealed Scottish Value's push into hedge funds, followings a decision last September that it intended ...