Kames Capital loses Skandia’s Best Ideas mandate to Artemis manager

Skandia Investment Group has awarded Tim Steer of Artemis a £38m mandate with the Skandia Global Best Ideas fund, and a £24m mandates for the UK Best Ideas fund, replacing Audrey Ryan of Kames Capital.

Steer is suited to the mandates becaue of ability to pick stocks, and previous knowledge of his management abilities previously running both  long/short money and UK equities for the Strategic Best Ideas and UK Best Ideas funds respectively.

Steer’s mandate on the UK Best Ideas fund means he is responsible for 16.66% of the overal portfolio.

 Skandia UK Best Ideas

Investment House Fund Manager Target Asset Allocations
Artemis Tim Steer 16.66%
Liontrust James Inglis-Jones 16.66%
BlackRock Richard Plackett 16.66%
Old Mutual Asset Management Daniel Nickols 16.66%
Schroders Richard Buxton 16.66%
F&C Peter Lees 16.70%

 Skandia Global Best Ideas

 Region Investment House Fund Manager Target Asset Allocations
UK

Artemis

BlackRock

Old Mutual Asset Management

Schroders

Tim Steer

Richard Plackett

Daniel Nickols

Richard Buxton

50.00%
US Marsico Capital Management LLC Tom Marsico 14.21%
Europe excluding UK Odey Asset Management Crispin Odey 12.46%
Emerging Markets First State Investments Jonathan Asante 10.51%
Japan Schroders Nathan Gibbs 5.06%
Asia Pacific excluding Japan Tiburon Partners Mark Fleming 7.77%

 

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