Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Ex-Swip UK equity head launches boutique

Ex-Swip UK equity head launches boutique

Scottish Widows Investment Partnership’s (Swip) former head of UK equities Peter Cockburn and several of his ex-colleagues have set up a boutique and plan to launch a UK equity long/short hedge fund.

Cockburn (pictured) will be chief executive of the new venture, Clear Peak Capital. He is joined by former Swip investment directors Fiona Laver, who will head operations, Chris Fontenla, who ran the Swip UK Income fund, and Risto Oja, who formerly ran institutional money.

The company has received regulatory approval and is in the process of raising money for a long/short UK equity hedge fund. It is understood that the fund will target a rolling three-year return of Libor plus 8%, with annualised volatility no greater than 12%. It will offer monthly dealing.

Cockburn left Swip in May 2012 after the fund group overhauled its investment team by cutting regional equity desks and moving funds over to the firm’s quantitative trading strategies.

He ran the Swip UK Opportunities and UK Advantage funds, and formerly managed the New Star UK Equity and UK Smaller Companies funds.

Fontenla ran the Swip UK Income fund between January 2010 and May 2012.

The team at Clear Peak were unavailable for comment.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter