Swip has handed a £267m UK equity mandate to LGIM's head of active equities Robert Churchlow.
The segregated mandate is a mirror of Churchlow's Legal & General Growth trust, and sits within Swip's £1.1bn flagship Multi Manager UK Equity Focus fund. Previously the mandate was managed internally. The £220m L&G Growth trust is managed as a high conviction portfolio of 25 equally weighted stocks, allowing Churchlow to change his positions quickly and opportunistically, the group says. Churchlow says: "The recognition the Growth Trust has received from Swip coupled is a significant endorsement of both our active equity capabilities and the strength of the Legal & General Growth Tru...
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