SWIP merges away six funds after Cockburn departure

SWIP is set to merge six mandates previously managed by Peter Cockburn into the £124m UK Opportunities fund now run by James Clunie.

After Cockburn, the head of UK equities, left the firm this month, his £371m UK Select Growth and £124m UK Opportunities funds were handed to Clunie (pictured), who also runs £17m in the UK Flexible Strategy. Investment Week understands Clunie has taken on five other mandates previously run by Cockburn and these, along with the UK Select Growth fund, are likely to be merged into UK Opportunities. Clunie's UK Flexible Strategy, which has returned 36.2% over three years to 25 May, against a 23.6% Specialist sector average, and 0.5% over the past year, against an average loss of 15.1%, w...