Skandia adds two managers to fund range

Skandia Investment Management (IM) has added two US managers to its actively managed fund range, rep...

Skandia Investment Management (IM) has added two US managers to its actively managed fund range, replacing one group and reducing exposure to another. As of the end of August, the firm has removed US-based value manager Alliance Bernstein as well as the T Rowe Price Core fund from the Cautious, Balanced and Aggressive portfolios.T Rowe Price, which also runs Skandia IM's single strategy American fund, still features in each of the multi-manager products via its US Growth mandate. Replacement portfolios come from QMA and Arcadian, US-based managers focused on value and quantitative managem...