SVM Asset Management has liquidated its Balanced Managed fund, Fund Strategy reports. The fund’s size at the time of close was £600,000, and investors have been given an option of transferring their assets into other funds or having the balance returned in cash.

The fund was managed by SVM’s managing director, Colin McLean, and a fund of fund managers at SVM, Donald Robertson. The remaining fund of funds team’s range will continue to run.

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