The hedge fund weighting of the £94.7m Scottish Value Trust has been increased to 28% as manager Col...
The hedge fund weighting of the £94.7m Scottish Value Trust has been increased to 28% as manager Colin McLean seeks performance in a lacklustre market environment. The trust began investing in hedge funds two years ago, when the board set a 30% ceiling on allocation to the asset class. 'They had set the limit at 30% but didn't want us to move there right away but as the allocation has been successful, we are moving up to that upper limit,' said McLean, who is also managing director of SVM. 'Our hedge fund exposure has tended to increase relative performance particularly against a weak...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes