Collapsed securitised debt vehicle held by suspended 7IM funds
Legacy TCAM holding
The now suspended £33m 7IM Absolute Return Portfolio (formerly VT Tcam Absolute Return Portfolio) and £20m 7IM Income Portfolio (formerly VT Tcam Income Portfolio) both hold significant allocations to a collapsed securitised debt vehicle, which was taken on when the firm bought TCAM Asset Management in 2018.
The Xenfin Securitised Debt fund represents 11.1% and 9.3% of the Absolute Return and Income Portfolios respectively, according to FE fundinfo. They are the sole funds in the Investment Association universe...
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