Skandia Investment Group has awarded Cazenove a second mandate in its UK Strategic Best Ideas fund.
The mandate has been given to Cazenove UK equities and hedge fund manager Neil Pegrum, which will sit alongside the existing portion managed by Tim Russell. Using the 10 best ideas long or short ideas from a selection of leading fund managers, UK Strategic Best Ideas currently has its highest ever net exposure at 72%, with 84% in long positions and 12% shorts. Since launch almost two years’ ago, the UK Strategic Best Ideas fund has outperformed the FTSE All Share by over 13% and is sixth out of 287 funds in the IMA UK All Companies sector. “That we have elected to award a second ma...
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