SIG hands £52m equity mandate to Wellington
Skandia Investment Group has awarded a £52m mandate within its Skandia Global Dynamic Equity Fund to Peter Higgins of Wellington Management.
The addition of Higgins provides further diversification to the investment styles of the US allocations within the fund. SIG has funded the mandate by reallocating assets from the other US allocations in the fund.
François Zagame, portfolio manager for the Skandia Global Dynamic Equity Fund said: “We have been looking for a while to add an aggressive manager to our US allocation in the Skandia Global Dynamic Equity Fund and Peter Higgins fits the bill perfectly.
“Peter is an experienced and strong investor, whose skill and style complement the rest of the US allocations that we have in the fund and we are delighted to have Peter join the line-up.”