Sat, Apr 29, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

SVM launches hedge fund partnership with Level E Capital

Monday, February 06, 2012

Melville Bucher
Opalesque Industry Update - SVM Asset Management, the Edinburgh based investment boutique, has launched a strategic partnership with Level E Capital, the Edinburgh based hedge fund.

SVM Asset Management has made a significant level of investment in the Maya Market Neutral fund, a long short absolute return fund, through the SVM Global fund.

The Maya Market Neutral fund, which launched in early January, is a systematic, long short equity fund investing in large cap UK and US 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.

The Maya Market Neutral fund uses a fully automated decision making process. The investment methodology relies on the trading system’s ability to retrieve, store and process large quantities of data automatically, removing human subjective factors from the process.

Melville Bucher, Head of Hedge Fund marketing, SVM Asset Management, says:
“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.

“SVM is currently the lead institutional investor in the fund and will be working in partnership with Level E promoting and distributing the product to increase the fund’s asset base.”

Sonia Schulenburg, CEO, Level E Capital, says:
“The investment team are very much looking forward to working with SVM on this fund. We have considerable knowledge and expertise in the field of artificial intelligence for securities trading and are pleased to be partnering with SVM in this venture.”

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). Target investors are institutions, high net worth individuals, family offices and foundations.

(press release)

SVM Asset Management was founded in 1990 and is a privately owned boutique investment company based in Edinburgh. It manages assets for both retail and institutional clients and products include investment trusts, pension funds, OEICS and hedge funds. www.svmonline.co.uk

BG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob

  5. Regulatory - 'Fist bumps' at hedge funds over Trump's tax plan[more]

    From Reuters.com: U.S. hedge fund managers began warming to President Donald Trump soon after his surprise election ignited a powerful stock market rally. Now, his dramatic tax cut plans give them even more reasons to cheer. Trump, looking to make good on pledges for sweeping tax reform, on Wednesda