SIML rejigs Euro mandates

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Skandia Investment Management has replaced BlackRock, Axa Rosenberg and Cazenove within its European...

Skandia Investment Management has replaced BlackRock, Axa Rosenberg and Cazenove within its European equity multi-manager range, awarding £154m of mandates to Argonaut and Alliance Bernstein. Argonaut has won mandates worth £89m across the European Equity Blend, Cautious, Balanced, and Aggressive products, while Alliance Bernstein's James Ross will run a £65m portfolio across the Cautious, Balanced, and Aggressive funds.

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