Fund integration plans at Widows

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By Robert Stock After the loss of a number of pension mandates over the past year, Scottish Widows ...

By Robert Stock After the loss of a number of pension mandates over the past year, Scottish Widows is trying to redefine its investment processes under new leadership with Sandy Nairn as chief investment officer. When Scottish Widows Investment Management (SWIM) and Hill Samuel Asset Management (HSAM) were merged at midnight on 30 June, the seventh largest asset management business in the UK with over £90bn in assets was created, but the resulting group is not viewed as a top ranking investment house. Since March 2000 the group has attracted £152m in new business but £2.46bn has either go...

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