UK - Four Swiss Life Asset Management ex-staffers have set up an asset manager boutique, focusing on long-only equity funds.
Cowen Asset Management, a UK arm of Cowen Group, will be run by directors Mark Amery, Madeleine Barker, Malcolm Thomas and Ann Ellis, who first began working together in 1995 at Swiss Life.
Malcolm MacColl, chairman and chief executive of Cowen’s global asset management business, said: “Our UK team has an outstanding track record in fund management and client service. The team also brings real experience growing a successful boutique asset management business in the non-US institutional market.”
The boutique will provide segregated mandates and intends to offer Dublin-registered UCITS OEIC funds targeted at the institutional pension and multi manager markets.
Ellis, director, sales & marketing, Cowen Asset Management, added: “For some time it’s been fashionable for institutional investors to seek alpha through hedge funds and other alternative investments. However, as investors reevaluate the merits of these investments, given their recent disappointing returns and high fees, we believe there is a real appetite for well managed, transparent and conviction-based long-only equity funds.”
Cowen Asset Management intends to offer five OEIC funds, including a UK Focus Fund, European Focus Fund, Far East Focus, US Focus and Global Focus.
Here they are - the winners of the UK Pensions Awards 2019...
Sir Philip Green's restructuring proposals for his retail giant Arcadia will not "adequately protect" its pension schemes' members, The Pensions Regulator (TPR) has said.
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.