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Swip confirms exit of UK equity head Cockburn
by Emma Dunkley on May 03, 2012 at 12:50
Cockburn’s departure comes shortly after Swip revealed it was cutting its regional equity fund desks, resulting in 23 jobs being slashed from a total of 38 UK equities fund managers.
The firm will replace these funds and managers with a single global desk, which will base its investment strategies around the firm's quantitative trading strategies.
As manager of the UK Opportunities fund Cockburn returned 40% over three years to 2 May, underperforming the benchmark’s 51% gain.
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