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

You need to fill all required fields!