SVM, the Edinburgh-based asset manager, has lost fund manager Andrew Dykes. Mr Dykes departure is the fourth fund manager out of an investme...

SVM, the Edinburgh-based asset manager, has lost fund manager Andrew Dykes. Mr Dykes departure is the fourth fund manager out of an investment team of nine to leave the firm in the last three months. Mr Dykes had only just taken over management of the SVM Continental Europe fund from Paul Casson when Mr Casson announced his plan to join Henderson Global Investors, according to reports in the Scottish press. In September, two SVM fund managers – David Stevenson and Andrew Kelly – quit to form a joint- venture funds boutique with Glasgow-based Britannic Asset Management.