Ireland will officially become the first eurozone country to exit the bailout programme this weekend, as the 85bn (£71bn) loan facility set up by the troika of the International Monetary Fund (IMF), the European Commission and the European Central Bank (ECB) expires.
Henderson Global Investors has been appointed as the new investment manager of the SVM Global Fund, subject to shareholder approval.
Colin McLean could lose control of the SVM Global investment trust as the board has put the management contract out to tender with immediate effect.
Edinburgh-based boutique SVM has received two gold and two silver fund gradings after exceeding S&P Capital IQ’s quant hurdles, according to the ratings agency’s latest update.
SVM AM is encouraging shareholders in its UK Active trust to reinvest in the firm’s UK Growth Fund.
