Sat, Aug 29, 2015
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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner