Skandia Investment Group has removed the Asian mandate within its £312m Global Best Ideas fund from Treasury Asia Asset Management's Peter Sartori, handing it to Far East specialist Tiburon Partners.
Mark Fleming, partner at Tiburon who manages the group’s Taipan and Taurus funds, will run the £20m mandate, after Skandia axed Sartori for poor performance. Fleming will adopt a high conviction style with the ten stock portfolio focused on Asia ex-Japan, as he looks to help the fund maintain its top-quartile performance. Lee Freeman-Shor, who heads the Global Best Ideas fund alongside François Zagamé, said Fleming has a proven 30-year track record in Asian equities, outperforming in both rising and falling markets. “The performance in the paper portfolio by Fleming showed he has ...
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