UK - Scottish Widows Investment Partnership has strengthened its UK small cap team with the appointment of two investment directors.
Johnny Russell joins from Edinburgh Fund Managers where he was investment manager, UK smaller companies’ desk.
He will manage the small cap section of several funds and will be responsible for undertaking research into the media, entertainment, leisure, chemical and transport sectors.
Andy Gray joins SWIP from LeggMason Investors where he was also fund manager in the UK smaller companies team. He will now manage the small cap section of several funds and will be responsible for research into pharmaceutical, insurance and software sectors.
Both report to Gregor Macdonald, investment director, head of pan-European small cap research.
Commenting on the appointments, Macdonald said: “Their appointments will add considerable weight to our UK team and their joint knowledge will be invaluable in helping SWIP to develop our retail and institutional portfolios”.
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.