Swip duo see ‘pockets of value' in European credit

Swip Strategic bond managers Luke Hickmore and Roger Webb discuss the impact on the European sovereign debt crisis on their £68m fund, and how a flexible mandate has benefitted performance.

The fund launched in June 2010, how has it been doing since then? Luke Hickmore (LH): We have been really happy with the performance. Since launch we are second quartile. More recently, performance has been picking up quite strongly as well, so 2011 year to date we are sitting at number five in the sector out of 66, a position we are very comfortable with. We had a torrid performance coming into the end of last year, but the worst we have been is the top end of quarter three; in fact most of the time we have been in Q2 and just recently we have been popping up into Q1. How have gl...