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.

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 completion of the acquisition of Swip by Aberdeen in April for £550 million. Following the deal Will Low, director of global equities, 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
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter