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Launched in 1999, the fund is a pan European focused long/short fund. Employing a variable bias strategy the fund has an emphasis on stock alpha both long and short. The fund employs a fundamental research driven investment approach and utilises the stock selection skills of SVM’s entire investment team. Colin McLean, who has over 10 years experience in managing long short portfolios, is the lead manager.
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| Fund name |
SVM Highlander Fund |
| Strategy |
Pan Europe, long/short, variable bias, absolute return, via quality swaps/CFDs |
| Manager |
SVM Ireland Limited |
| Investment advisor |
SVM Asset Management Limited, 7 Castle Street Edinburgh, EH2 3AH (Tel: +44 131 229 5966) |
| Administrator and to invest |
PFPC International Limited Riverside Two, Sir John Rogerson Quay, Grand Canal Dock, Dublin 2, Ireland (Tel: +353 1 790 3555) (Fax: +353 1 790 3510) |
| Custodian |
PFPC Trustee & Custodial Services Limited |

| Minimum initial investment |
€250,000 or foreign currency equivalent |
| Subsequent investment |
€50,000 or foreign currency equivalent |
| Share class |
EURO and USD |
| Initial sales charge |
up to 3% (rebateable) |
| Redemption charge |
2% up to 6 months from initial purchase and 1% between 6 and 12 months from initial purchase. Thereafter no charge. |
| Frequency of dealing |
Weekly dealing every Monday or first business day of the month |
| Pricing frequency |
Weekly |
| Prices quoted |
available by contacting administrator or hedge@svmonline.co.uk |

| Melville Bucher |
Head of Institutional Clients: Tel +44 131 718 5613 |
| Laura Hehir |
Institutional Clients: Tel +44 131 718 5626 |
| Contact |
hedge@svmonline.co.uk |

SVM’s UK equity long/short fund was launched in October 2002 and focuses principally on UK mid and small cap. Like Highlander, its emphasis is on long and short stock alpha and is also variably biased. SVM Saltire is co-managed by Colin McLean and Margaret Lawson but also takes ideas from the whole investment team and its fundamental research and stock selection skills.
For further Information please sign in or
register.

| Fund name |
SVM Saltire Fund |
| Strategy |
UK equity, long/short, variable bias, absolute return, via quality swaps/CFDs |
| Manager |
SVM Ireland Limited |
| Investment advisor |
SVM Asset Management Limited, 7 Castle Street Edinburgh, EH2 3AH (Tel: +44 131 229 5966) |
| Administrator and to invest |
PFPC International Limited Riverside Two, Sir John Rogerson Quay, Grand Canal Dock, Dublin 2, Ireland (Tel: +353 1 790 3555) (Fax: +353 1 790 3510) |
| Custodian |
PFPC Trustee & Custodial Services Limited |

| Minimum initial investment |
€250,000 or foreign currency equivalent |
| Subsequent investment |
€50,000 or foreign currency equivalent |
| Share class |
EURO and GBP |
| Initial sales charge |
up to 3% (rebateable) |
| Redemption charge |
2% up to 6 months from initial purchase and 1% between 6 and 12 months from initial purchase. Thereafter no charge. |
| Frequency of dealing |
Monthly (first business day) |
| Pricing frequency |
Weekly |
| Prices quoted |
available by contacting administrator or hedge@svmonline.co.uk |

| Melville Bucher |
Head of Institutional Clients: Tel +44 131 718 5613 |
| Laura Hehir |
Institutional Clients: Tel +44 131 718 5626 |
| Contact |
hedge@svmonline.co.uk |
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