SWIP appoints co-manager on ARBF

Dan Daldry has been named co-manager of the £120m Swip Absolute Return Bond, after working with manager James Carver for the past year.

SWIP appoints co-manager on ARBF

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Daldry has been with the firm since 2008, when he joined the graduate programme, and has worked across the fixed income business doing a stint as a financials sector credit researcher before joining Carver last year.

The appointment marks the formalisation of Daldry’s role as Carver’s co-manager. Going forward the pair will source additional research from the fixed income team which has around £67bn under management.

Carver is investment director, absolute rate of return, and has been with Swip since October 2011. He joined the firm from Aberdeen Asset Management where he was a global currency and EMD portfolio manager.

The performance of the SWIP Absolute Return Bond Fund over the past year is shown in the graph.

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As at the end of March its top three holdings are in Spain, Ageas Hybrid Financing and the Government of Poland.

Speculation Swip was about to be sold by parent company LLoyds Banking Group was rife in April, and Threadneedle parent company Ameriprise Financial was rumoured to be preparing a takeover bid for the Edinburgh-based investment manager.

 

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