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Fund firms set up Sway alternative

Five of the UK&#39s 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&#39s 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.”

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