Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Swip global equity team exits as portfolios transfer to Aberdeen

Swip global equity team exits as portfolios transfer to Aberdeen

Swip's active equity funds and mandates have transferred to Aberdeen Asset Management in a move that will result in the exit of the vast majority of the Swip global equity team.

Some £2.9 billion in assets have been passed over to Aberdeen, £2.2 billion of which is invested in pan-European portfolios and £0.6 billion in global equity portfolios, while the remainder has been invested in portfolios across the Americas.

'The former Swip portfolios will be managed by the relevant global and regional equity teams at Aberdeen in accordance to the group-wide investment process,' Aberdeen said.

'We are delighted these funds and mandates have been successfully transferred across to the Aberdeen equity platform. We welcome the opportunity to apply our long-standing, fundamentally-driven, bottom-up investment process across these portfolios,' Hugh Young (pictured), group head of equities at Aberdeen, added.

The transfer follows the left the group alongside chief executive Dean Buckley.

Before the migration Aberdeen managed £104.4 billion in active equities.

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 CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Play CEO Tapes: 'we're just a bunch of white dudes sitting here'

CEO Tapes: 'we're just a bunch of white dudes sitting here'

In our brand new series, eight CEOs discuss how the industry could do a better job for female fund managers.

Read More
Your Business: Cover Star Club

Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

Wealth Manager on Twitter