Edinburgh's SVM Asset Management has lost its flagship investment trust to London-based Henderson Global Investors.
The board of SVM Global, one of the two funds created by Colin McLean with SVM 22 years ago, said: "The board's decision follows a painstaking process conducted over the last month or so, including analysis of management, administration and marketing capabilities. The board concluded Henderson's offering was persuasive, offering outstanding performance in the areas of investment covered by the company's strategy."
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