Wednesday, 27 May 2015
Last updated 9 hours ago
Jan 7 2008 | 12:36pm ET
U.K.-based Scottish Widows Investment Partnership has entered the fund of funds market with the launch of two vehicles.
The SWIP Multi-Manager Diversity Fund will invest in a portfolio of funds which provide access to a wide range of asset classes and geographic regions. Asset classes will include equities, bonds, cash, property and a range of alternative assets including funds of hedge funds and commodities. The SWIP Multi-Manager Select Boutiques Fund will invest in a portfolio of funds with exposure to U.K. and international equity markets.
The two funds will be managed by SWIP’s multi-manager team led by Mark Harries and Simon Wood.
“The launch of the two funds is an important step in the development of SWIP’s multi-manager business,” said Bernard Henshall, head of multi-manager distribution at SWIP. “Fund of funds is an area that is seeing high levels of interest from investors who face the difficulty of monitoring and analysing large numbers of funds. As fund analysis and asset allocation can be outsourced to full-time specialists, multi manager funds free-up time which advisers can use more profitably with clients.
The two funds have a minimum investment of £1,000 (US$1,975).
Scottish Widows Investment Partnership managed some £98.1 billion (US$193.6 billion) as of the end of September 2007 and is owned by Lloyds TSB.
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…