Thursday, 2 October 2014
Last updated 14 hours ago
Feb 6 2012 | 9:05am ET
Edinburgh-based investment boutique SVM Asset Management has joined forces with Level E Capital, a hedge fund based in the Scottish capital.
SVM, through its SVM Global fund, has made a “significant level of investment” in Level E Capital’s Maya Market Neutral fund, a systematic, long/short absolute return fund launched in early January. The Maya fund employs a "fully automated" process to invest in large cap UK and U.S. equities. The fund has a liquid, diversified portfolio of 400 positions, an average gross exposure of 200% and a target return of 15%, with a market correlation of less than 0.5.
Said Melville Bucher, SVM’s head of hedge fund marketing, in a statement: “Our confidence in both Level E and the process which the Maya Market Neutral fund uses is demonstrated by the significant investment which we have made through the SVM Global fund. We believe the absolute return approach complements SVM Global fund’s existing portfolio of investments. The strategy provides the potential for equity type returns whilst also offering low volatility coupled with low correlation to traditional equity indices.
The fund offers three share classes, A, B and C. The management fees are 1% for A, 2% for B and 0.5% for C shares while the performance fees are 10% for A, 20% for B and 30% for C shares.
Minimum investment is £1 million (A) and £75,000 (B and C). The fund targets institutions, high-net-worth individuals, family offices and foundations.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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