Steer exit to Artemis sees Skandia Strategic Best Ideas 10 become nine

Skandia has removed the mandates run by Tim Steer from all three of its Best Ideas vehicles followin...

Skandia has removed the mandates run by Tim Steer from all three of its Best Ideas vehicles following the manager's decision to join Artemis. Steer's mandate in Skandia's Global Best Ideas fund will be handed to Aegon's Audrey Ryan, while Hector Kilpatrick of SVM will assume control of the UK Best Ideas allocation. Skandia will abandon its 10 manager approach in its top performing UK Strategic Best Ideas, re-allocating Steer's portion across the other nine managers. While Skandia removed a number of New Star vehicles from its fund of funds range over the past few months, it had stuck ...