SVG Investment Managers is to change its name to GVO Investment Management following its acquisition by Hansa Aktiengesellschaft, reflecting the initials of Hansa's chairman Georg von Opel.
‘I am delighted to be associating Hansa’s heritage with the business and to be supporting it through the next stage of its development,’ said von Opel, great grandson of the car magnate Adam Opel.
‘It’s been a very successful year for our business in terms of growth and investment performance,’ added Citywire AAA-rated Adam Steiner (pictured), chief executive of SVG. ‘We are very excited about the opportunity that our new ownership structure presents to improve and develop our client offering. Our new name, along with the associated rebranding, will help us to establish a clear identity in investment management.’
SVG UK Focus has delivered a first-quartile return of 44% over the past year, compared with 22% from the FTSE All Share. Strategic Equity Capital has returned 53% through the same period.