Hedge Funds

SVM backs equity market-neutral fund from Level E Capital


Investment boutique SVM Asset Management has made an early-stage investment in the new fund launched by another Edinburgh firm, hedge fund Level E Capital.

SVM has made what it describes as “a significant level of investment” in Level E’s Maya Market Neutral fund, a long/short absolute return offering, via its SVM Global fund.

Maya Market Neutral launched in early January and 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