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|
|Old Mutual Asset Management||Daniel Nickols||16.66%|
Skandia Global Best Ideas
|Region||Investment House||Fund Manager||Target Asset Allocations|
Old Mutual Asset Management
|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%|
|Asia Pacific excluding Japan||Tiburon Partners||Mark Fleming||7.77%|