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SVG unleashes UK and European unconstrained public equity funds
by Dylan Lobo on Mar 29, 2011 at 14:44
SVG Investment Managers is to unleash two of its unconstrained funds into the wider market.
The specialist public equity arm of private equity arm SVG Capital has won FSA approval to launch the SVG UK Focus and SVG European Focus fund on retail investment platforms. Both are Dublin-domiciled Oeics with the former managed by Jamie Seaton and Adam Steiner (pictured) and the latter by Andrew Goodwin,
Both funds apply private equity techniques used in the epnoymous SVG Capital trust to public markets.
They adopt a bottom-up, stock-picking approach to invest in quoted companies that the managers believe are undervalued from a private equity perspective.
The funds are unconstrained by market indices and each invests in a focused portfolio of up to 35 companies.
According to data cited by SVG, the UK Focus Fund was ahead of its peer group according to Bloomberg on a one, two, three and five year basis as at 28 February.
Meanwhile the SVG European Focus Fund was one of the top performing funds in Europe over the last two years according to the Lipper survey of Europe excluding UK funds.
Steiner, who is also chief executive of SVG IM, said: 'The SVG UK and European Focus Funds have an impressive track record of delivering market-beating returns through their use of private equity techniques in the public markets and unconstrained approach to investing. We are delighted that these Funds have obtained FSA recognition and can now be available to a wider number of investors through retail platforms.'
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