Goldman Sachs AM loses Skandia mandate

Skandia Investment Group has appointed General Electric Asset Management (GEAM) as sub-adviser for its Skandia European Equity Fund.

GEAM will offer an actively managed high-conviction portfolio, focusing on research-driven stock picking. GEAM replaces the previous manager, Goldman Sachs Asset Management.

James Millard, chief investment officer for Skandia Investment Group, said: “We are delighted to be bringing GE Asset Management into our stable of sub-advisors. GEAM’s focus on high quality companies, with proprietary products in growth markets has delivered outstanding results over many years.

“We are fortunate to have found a partner who has the capacity to run a highly concentrated portfolio, in a risk controlled manner. We believe GE Asset Management’s skill set will match perfectly the Fund’s objectives and significantly benefit our clients.”

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!