SWIP equity team exits as Aberdeen migrates £3bn portfolios

Aberdeen Asset Management has migrated all Scottish Widows Investment Partnership-run active equity funds and mandates, with the team that ran them at SWIP exiting the combined business.

Aberdeen said it had transferred across £2.9bn worth of assets, of which £2.2bn is invested in pan-European portfolios and £600m in global equity portfolios, with the remainder in portfolios across the Americas. It is understood the equity team that ran the portfolios at SWIP has left the combined business, following senior management figures including Will Low - global head of equities - who have already exited. The migration of the assets will swell Aberdeen's active equities business, which in total already runs £104.4bn. The former SWIP portfolios will be managed by the respect...