SVM

UK

MAM Funds has upped its stake in Colin McLean's £146m SVM Global investment trust, fuelling speculation of impending corporate action by its shareholders.

One could be forgiven for feeling slightly more optimistic about the future of the investment trust sector after a number of key corporate battles in recent months.

SVM's Colin McLean has revamped the mandate of the £4m UK Emerging Fund plc and sold half the stocks in the portfolio, following the departure of manager Donald Robertson.

UK asset managers are readying their contingency plans to cope with a possible ‘Grexit' as the beleaguered economy returns to the spotlight, despite ECB president Mario Draghi providing a boost for European markets last week.

BIG INTERVIEW

Despite a rally in global markets over the last three years as investors returned following the '08 sell-off, a number of funds have failed to keep up with peers.

SVM's Donald Robertson has resigned from the group he co-founded back in 1990.

GOSLING'S GROUSE

SVM's Colin McLean is poised to sell out of the largest and most profitable holding in his £43m UK Growth fund after a drawn out battle by bidders.