Swip upping return target on Quantrill AR bond portfolio

Swip is seeking approval to shift its Absolute Return Bond fund to a high-octane mandate focusing mo...

Swip is seeking approval to shift its Absolute Return Bond fund to a high-octane mandate focusing more on credit. Pending FSA approval, it will up the performance target from 2% to 3% over Libor and hike the Value at Risk (VaR) limit from 4% to 6%. Co-manager Gareth Quantrill said the group has reviewed the investment strategy in line with market demand. "We believe there are numerous opportunities to be exploited in the credit market following the recent market conditions," he added. "We intend to do this by changing the fund's strategy to focus more on exposure to credit instrumen...