At the same time Clunie will retain his responsibilities for SWIP’s £14m UK Flexible Strategy Fund, launched in May 2006.
This is the latest in a series of announcements – with more to come – that include Cockburn’s role as head of UK equities being abolished. It has previously been announced that his UK Select investment trust would be closed, though a spokesperson for SWIP was unable to give any further detail about Cockburn’s future with the company.
Earlier this month, SWIP confirmed it is cutting 23 equity roles as part of a “repositioning” proved by investor behaviour.
