Sanlam Investments is to assume responsibility for eight Smith & Williamson managed funds, boosting the firm's assets under management (AUM) by £1.2bn and adding six fund managers to the team.
Co-managers of the S&W Artificial Intelligence and S&W North American Equity funds Chris Ford and Tim Day will move with their funds to Sanlam, alongside S&W Enterprise co-managers and UK equity specialists Mark Boucher and Mark Swain, with European specialist Giles Worthington and fixed income manager Thomas Wells rounding out the six managers. Sanlam has also hired a further four team members, increasing the total headcount by ten individuals. The deal will see Sanlam take on several equity, fixed income and thematic funds, subject to approval from both boards of S&W Fund Administra...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
