Edinburgh Partners, the fund management company established by former Scottish Widows Investment Par...
Edinburgh Partners, the fund management company established by former Scottish Widows Investment Partnership (Swip) fund managers Graham Campbell and Sandy Nairn, is to go on the offensive for existing investment trust contracts.
The investment boutique will target poor performing trusts where shareholders would likely be willing to change management. Given the difficulty in raising funds in the current environment, it is also likely to pay to acquire other assets.
A spokesman for Edinburgh Partners said all avenues are being considered, including retail fund management.
Nairn, former chief investment officer at Swip, and Campbell, former head of UK equities, left the group last month to establish their own investment house. Other employees to leave Swip for Edinburgh Partners include David Erskine, former head of European research, and Kenny Greig, former legal director.
Steve Anderson, who established the equity research portal that Swip fund managers leveraged, has also departed to join the investment boutique. It is expected the exodus is not yet over, with at least one other member of Campbell's former team at Swip expected to resign shortly.
Edinburgh Partners is currently seeking approval from the FSA and plans to start operating in early July. Fund launches are expected to be in place by September and will initially focus on UK equities, pan-European equities and UK smaller companies.
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