Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Question marks remain over Swip’s quant strategies

Question marks remain over Swip’s quant strategies

The future of the quantitative strategies run by Swip remains unclear following the group’s acquisition by Aberdeen.

Aberdeen’s chief executive Martin Gilbert has stated that nothing will change immediately. ‘We will need the quant fund managers to run that part of the business,’ he said. ‘We have little expertise in that.’

However, Gilbert has also told investors in his company that he would seek to secure higher margins from the acquired Swip business. Aberdeen’s present blended average management fee is 50 basis points, and Gilbert acknowledged that the Swip integration ‘will reduce’ that.

Gilbert therefore assured investors that in the ‘medium to long term’ Aberdeen would attempt to increase the proportion of Swip’s assets that are actively managed, while emphasising that ‘nothing is going to happen in the short term there’.

At the end of August, 38% of Swip’s £136 million of assets under management was held in quantitative equity strategies.

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 Hendersons' Kerley: investing in Marmite-like China

Hendersons' Kerley: investing in Marmite-like China

Citywire A-rated manager sees higher quality growth originating from China's current reforms.

Play Oil slump opportunities, Japanese recession & a UK bank conundrum

Oil slump opportunities, Japanese recession & a UK bank conundrum

Investment Pulse this week looks at further challenges for the British banking sector, Japan's return to recession and the continuing weakness of brent crude.

Play JPMAM's Georgina Brittain: the best opportunities in mid caps

JPMAM's Georgina Brittain: the best opportunities in mid caps

Brittain discusses where she sees opportunities in mid caps despite rising valuations.

Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter