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SVM makes three hires

Investment boutique Scottish Value Managers has hired three managers to rebuild its investment team after a series of defections.

Hugh Cuthbert, Hector Kilpatrick and Neil Veitch join from Kempen Capital Management. The firm says it anticipates being up to full strength by the end of year.

Cuthbert will run the continental European fund, formerly run by Paul Casson before he quit to join Hendersons. Kilpatrick will run the firms SVM UK alpha fund and Veitch will run the UK opportunities fund, replacing David Stevenson and Andrew Kelly who left to set up Britannics UK boutique.

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