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 WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Play Japan's slump, the umbrella revolution and the battle for Brazil

Japan's slump, the umbrella revolution and the battle for Brazil

With the arrows of Abenomics appearing to be missing their targets and political uncertainty rife in Hong Kong and Brazil we take a look at investor sentiment in this week's Investment Pulse

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter