Lyttleton fund helping Swip MM portfolio get off to strong start

Holding BlackRock UK Absolute Alpha drives Swip Diversity to top-decile over its first three months

Swip multi-manager Simon Wood thanks BlackRock's Mark Lyttleton for top-decile returns on the multi-asset Diversity fund since launching in volatile markets. The three-month-old fund has benefited from a position in BlackRock UK Absolute Alpha in its early period. Wood said Lyttleton's fund has powered through the downturn thanks to manager skill and the ability to short individual stocks. "We are being bailed out by that fund at the moment," he added. Wood and co-manager Mark Harries also hold Neil Woodford's Invesco Perpetual Income fund and Andrew Green's Gam UK Diversified on th...