Citywire - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Ex-Pictet duo to lead new AI fund for UK group

Ex-Pictet duo to lead new AI fund for UK group

Smith and Williamson has launched a global thematic artificial intelligence (AI) fund for two managers who joined the firm from Pictet, the company has announced.

Chris Ford and Tim Day joined the firm in May 2015 and previously managed Pictet’s global equities business in London. They currently manage a North American Equity fund aimed at UK-based investors and the Dublin-domiciled S&W Mid Ocean World Investment fund.

The new fund will generate income from global businesses that benefit from AI. It will have holdings in sectors including financials, industrials and healthcare as well as a core of technology companies.

AI is embedded in the investment process, and the fund’s proprietary model will enable the manager to efficiently identify companies offering the best exposure to AI.

Commenting on the launch, Ford said: ‘AI systems sit at the nexus of several powerful and rapidly developing technologies, each of which have a critical role to play. Today, these systems are being deployed across the economy, bringing with them huge benefits. 

‘The fund will explicitly look to offer purity of revenue exposure to those businesses benefitting most from AI. That is why, with wonderful examples of great AI technologies to be found all over the world, this fund will be truly global and unconstrained by sector or geographic benchmarks.’

A spokesperson for the company confirmed that the fund is domiciled in Dublin and will be registered for sale in Switzerland.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Switzerland 2017

    Citywire Switzerland 2017

  • Citywire Zurich Alt Ucits 2017

    Citywire Zurich Alt Ucits 2017

  • Citywire Zurich Alt Ucits 2017

    Citywire Zurich Alt Ucits 2017

  • Citywire Zurich Alt Ucits 2017

    Citywire Zurich Alt Ucits 2017

  • Citywire Montreux 2017

    Citywire Montreux 2017

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Zurich 2016

    Citywire Zurich 2016

  • Citywire Zurich 2016

    Citywire Zurich 2016

  • Citywire Zurich 2016

    Citywire Zurich 2016

  • Citywire Switzerland 2015, Gstaad

    Citywire Switzerland 2015, Gstaad

  • Zurich Forum 2015

    Zurich Forum 2015

  • Zurich Forum 2015

    Zurich Forum 2015

  • Geneva Roundtable 2015

    Geneva Roundtable 2015

  • Geneva Forum 2015

    Geneva Forum 2015

  • Geneva Forum 2015

    Geneva Forum 2015

  • Citywire Gstaad 2014

    Citywire Gstaad 2014