SWIP launches first MM funds

The two absolute return offerings will be run by a team led by former Cazenove managers Mark Harries and Simon Wood. The Diversity fund will be able to tap into a wide range of asset classes and geographic regions, including fund of hedge funds and commodities. Meanwhile, the Select Boutiques fund will have exposure to UK and international equities. SWIP multi-manager distribution head Bernard Henshall says investors are increasingly looking at fund of funds as they have difficulty monitoring and analysing a large number of offerings. “As fund analysis and asset allocation can be out...