Swip launches two Fofs for incoming MM team

Scottish Widows Investment Partnership has launched two funds of funds for its incoming multi-manager team. The funds, Swip Multi-Manager Diversity and Swip Multi-Manager Select Boutiques, will be managed by a team headed by Mark Harries and Simon Wood, who previously worked together at Cazenove. They represent Swip's first foray into running its own multi-manager funds, although it does already outsource several multi-manager portfolios to Russell Investment Group. The Diversity fund will give access to underlying funds investing in a wide range of regions and asset classes, including ...