Sunday, 3 May 2015
Last updated 2 days ago
Jul 27 2007 | 1:28pm ET
Scottish Widows Investment Partnership, the asset management arm of the Lloyds TSB Group, has launched a Luxembourg-based SICAV aimed at the continental European market.
SWIP’s latest offering is part of its international asset management distribution strategy, which aims to gain maximum exposure to the largest markets in Europe including Germany, France, Italy, Spain, Sweden, Switzerland and the Netherlands.
The SICAV will include a range of SWIP funds, providing diversification across asset classes. New fund launches within the structure will include the SWIP Absolute Return Macro Fund, SWIP Euro Absolute Return Fund, SWIP US Dollar Absolute Return Fund and SWIP High Alpha Euro Bond Fund.
Added to this will be SWIP’s Emerging Markets Fund, European Fund, European Smaller Companies Fund, European Real Estate Securities Fund. The last four funds are based on established U.K. versions of SWIP funds.
“We have already seen great success with new business wins in Southern Europe, Germany and Scandinavia across a range of asset classes,” said Simon Wombwell, head of distribution at SWIP. “The SICAV will offer a range of funds from SWIP’s core capabilities, which have different levels of risk and return.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…