Five of the UK's leading fund managers are turning their backs on Sway to
launch their own annual investment conference in a move which could also
pose problems for Pims.
Schroders, SG Asset Management, M&G, Invesco Perpetual and Aberdeen will
join forces with leading providers to launch an intermediary conference
next year. Credit Suisse Asset Management, which has not taken part in
Sway, says it has been approached.
Fund managers complained at this year's Sway conference in Madrid in May
about the heavy itinerary and the high number of delegates.
A senior source from one of the five breakaway houses says: “While we have
enjoyed the Sway conference, we believe conferences can be executed in a
better way for delegates. We are in negotiations with several groups to
hold a spring conference for top investment clients.”