Skandia Investment Group has ditched Aberdeen in favour of Treasury Asia to run a £30m mandate on it...
Skandia Investment Group has ditched Aberdeen in favour of Treasury Asia to run a £30m mandate on its Global Best Ideas fund. The assets moved over last week, with Skandia praising the boutique's high conviction and opportunistic approach to Asian stockpicking. Treasury was established in 2005 by ex-Credit Suisse Orient manager Peter Sartori. Aberdeen's Hugh Young has run the mandate since the fund launched two years ago. The decision has surprised advisers, with many believing Young is a superior option. Sartori ran Credit Suisse Orient from 2002 to 2005 and the vehicle underperfor...
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