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 Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter