SVM negative view on banking sector
Apr. 8 - Colin McLean, SVM's managing director, says we have seen sharp rallies in the banking sector but we haven't yet seen the lowest point they are going to reach.
Speaking at Reuters Global Hedge Fund and Private Equity summit, he said there is some further bad news to come and expects the next few months to be difficult.
SVM Asset Management, a privately-owned firm based in Edinburgh, has some 758 million pounds ($1.51 billion) in assets under management, divided among investment trusts, regular equity funds and two hedge funds.
McLean believes the commodity prices will remain high as oil, gas and precious metals offer good prospect of growth.
Speaker:
Colin McLean, Managing Director, SVM Asset Management
Presenter:
Laurence Fletcher, London
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