View more on these topics

Swip cuts 23 roles in equities overhaul

Scottish Widows Investment Partnership is to cut 23 roles as part of move to reposition its £54 billion equities business.

The asset manager is to focus on global and specialist active equities as well as quantitative equities.

According to Swip, a number of smaller regional equity funds and smaller funds “no longer economically viable” will be closed.

Swip managing director Dean Buckley says: “With £143 billion of client assets, Swip recognises the changing needs of our clients and will offer solutions that fulfil their diverse investment needs.

“We remain committed to active fund management in those markets where we have confidence that we can generate strong investment performance and build long-term, valuable relationships with clients.

“However, for some of our clients, a lower-risk approach to investment is more appropriate for their needs.”

He adds: “By repositioning our equities business, investing in our multi asset capability and continuing to build on the success of our fixed income and real estate teams, I believe we will add value for our clients whilst also enabling the continued growth and success of our business.”

Will Low will remain as head of global equities, which will now include responsibility for UK small cap, real estate securities and absolute return.


Multi- manager view

There comes a point when the equity rally begins to feel long in the tooth. This can be salved by a look at corporate figures – earnings stay robust, balance sheets are strong and with the MSCI World Index trading on less than 12 times 12-month forward earnings at the end of March – well […]

A taste of investment trusts from JPM

JP Morgan Asset Management sees its elect managed growth multi-manager investment trust as offering an introduction to the sector for IFAs in the run-up to the retail distribution review. The company says some advisers tend not to buy investment trusts because the low-cost charging structure does not cater for initial and renewal commission. But with […]

Bill Mott: We are in the biggest financial experiment in history

PSigma income manager Bill Mott believes we are in “the biggest financial experiment in history” as the global economy continues to walk a tightrope. Mott (pictured) says the measures being taken by authorities in the wake of the financial crisis, such as the low interest rates across the globe, efforts to shore up the eurozone […]

Graphic Content – August

Given the release of employment data from the US on 5 August, we wanted to focus on employment data in this month’s Graphic Content. The Graphic Content below shows us that young and middle-aged workers were hit the hardest by the Great Recession and have never caught up. Since the job market started to recover […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment