SWIP confirms Clunie and three other managers safe

clock

Scottish Widows Investment Partnership (SWIP) has moved to reassure wealth managers that one of its rising stars, absolute return manager James Clunie, will remain in his role despite a major overhaul of its equities business.

The asset manager has confirmed Clunie (pictured), who runs the £14m UK Flexible fund, and UK Smaller Companies managers Gregor MacDonald and Andrew Paisley will not be affected by the changes, with their products and roles remaining intact. Investment manager for real estate securities Vicky Watson will also remain with the firm. SWIP today announced a major reorganisation of its £54bn equities business, with some strategies set to shift from an active to a passive investment approach driven by quant models. There will also be a major move away from regional desks to a single global tea...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Content: Is the interest rate descent the time to harvest bonds?

Partner Content: Is the interest rate descent the time to harvest bonds?

Markets expect interest rates to fall this year, offering investors the strongest opportunity for fixed income seen for a long time. Watch this video podcast to learn how best to harvest this exciting opportunity.

Sarka Halas
clock 28 March 2024 • 1 min read
Partner Insight: How effective are impact investments?

Partner Insight: How effective are impact investments?

Impact investing has transformed over the past decade, giving investors the opportunity to pursue both financial returns and social and environmental outcomes.

Sarka Halas
clock 27 March 2024 • 2 min read
Partner Insight: High-yield investors should keep a close eye on the default cycle

Partner Insight: High-yield investors should keep a close eye on the default cycle

As central banks start to think about cutting interest rates, forecasts for a peak in credit default rates are not far behind — and could happen sooner than expected, says Wellington Management’s Alex King.

Sarka Halas
clock 27 March 2024 • 2 min read
Trustpilot