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SWIP to manage Trade Union Trusts

7th December 2009 Print

SWIP has been appointed by the Board of TU Fund Managers Ltd to manage its key flagship funds, the TU British and TU European Unit Trusts.

SWIP was appointed following the Board of TU Fund Manager's tender process.  SWIP's bottom-up research-driven investment approach and impressive track-record in managing UK and European equities were significant factors in securing this win.

Simon Wombwell, Director of Sales & Marketing at SWIP comments: "We are delighted that the Board of Trade Union Fund Managers has recognised SWIP's capabilities with their decision to invest with us.   We worked closely with them to ensure our proposition met their needs.  This appointment is further recognition that SWIP's UK and European Equity teams' robust investment process is one of the most highly regarded in the market place and we look forward to developing a successful relationship with this client."

SWIP has well established, European and UK equity teams who follow a fundamental, proprietary research driven investment approach and between them manage £24.9 billion in European and UK equities covering Pan-European, Europe ex UK, and UK equity portfolios.  Steven Maxwell, Head of European Equities and Peter Cockburn, Interim Head of UK Equities will manage the respective Trade Union Trusts.

 Marion Colverd, General Manager, TU Fund Managers comments: "Our aim is to select managers who have the ability to deliver long-term consistent outperformance and for us, SWIP has the investment style and relevant credentials to achieve this."