Jump to content


Photo
- - - - -

Scottish Widows Axing Investment Fund Managers


  • Please log in to reply
7 replies to this topic

#1 SarahBell

SarahBell

    I live on HPC!

  • Members
  • PipPipPipPipPipPipPip
  • 16,736 posts
  • Location:Mars.

Posted 14 April 2012 - 10:57 AM

"It comes after the house decided to use quantitative investment strategies, where computer programmes are used to determine investments, for many of the portfolios in its 54 billion equities business."


Well computers don't need bonuses
Whoever you are, I have always depended on the kindness of strangers.

#2 spyguy

spyguy

    HPC Veteran

  • Members
  • PipPipPipPip
  • 1,555 posts
  • Location:S. Wilts + Yorks

Posted 14 April 2012 - 11:02 AM

' One fund management industry source said: "The people who are going are probably the best people in SWIP." '

Doesn't say a lot about the best people then does it?
Nevermind the distinctly average or plain cr@p.

#3 Snugglybear

Snugglybear

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,016 posts

Posted 14 April 2012 - 11:09 AM

You can do nearly as well using a cat.
http://www.guardian....g-challenge-cat

What was all that about having to pay "The Talent" top dollar?

#4 pokercola

pokercola

    HPC Poster

  • Members
  • PipPip
  • 250 posts

Posted 14 April 2012 - 11:22 AM

Its a pretty strange time in asset management industry at the moment, because blue chips, mining, raw materials stocks are all performing well so there isn't a whole lot of scope for value picking 'star' fund managers. Lots of people will be happy to just use a low cost ETF/Tracker and ride out the index.

However computers don't always get it right (after all they are all programmed by people.....and in this case probably people taking advice from former SWIP portfolio managers) so there is still place for decent fund managers.

#5 hotairmail

hotairmail

    Tired of life

  • Members
  • PipPipPipPipPipPipPip
  • 28,890 posts

Posted 14 April 2012 - 11:50 AM

"It comes after the house decided to use quantitative investment strategies, where computer programmes are used to determine investments, for many of the portfolios in its 54 billion equities business."


Well computers don't need bonuses




Obviously houses don't need people.

"The chicken is radiating disorder out into the wider universe."


#6 RufflesTheGuineaPig

RufflesTheGuineaPig

    is fluffy

  • New Members
  • PipPipPipPipPipPipPip
  • 8,038 posts
  • Location:Cricklade, UK
  • About Me:I am Ruffles, the destroyer of worlds....

Posted 14 April 2012 - 12:01 PM

"It comes after the house decided to use quantitative investment strategies, where computer programmes are used to determine investments, for many of the portfolios in its 54 billion equities business."


Well computers don't need bonuses


Between commissions and bonuses, computers could make a few percent less profit and still work out better off than humans.
It's time to pay the piper. There is no magician who will magic away the debt. Someone is going to have to pay it. Bend over and prepare to make payment.

In this glorious nation of ours, if you work hard and keep your head down for 25 years then you too can aspire to own one-eighth of a one bedroom flat in Manchester.


My mum and day always tell me how important it is to save to buy a house. They should know, it took them nearly 6 months to save for theirs. As teenagers, they bought a 3 bed semi.

#7 sleepwello'nights

sleepwello'nights

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,143 posts
  • Location:North Hampshire

Posted 14 April 2012 - 12:06 PM

http://www.heraldscotland.com/business/people/scottish-widows-investment-house-axes-managers.17243595


Preferring to use computer programmes?

Has anyone devised a contrarian program yet?
When all's said and done, there's more said than done.

#8 ader

ader

    HPC Regular

  • Members
  • PipPipPip
  • 403 posts
  • Location:East Yorkshire

Posted 14 April 2012 - 08:48 PM

Doesn't a tracker beat 75% of fund managers?




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users