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 HouseFund ManagerTarget Asset Allocations
ArtemisTim Steer16.66%
LiontrustJames Inglis-Jones16.66%
BlackRockRichard Plackett16.66%
Old Mutual Asset ManagementDaniel Nickols16.66%
SchrodersRichard Buxton16.66%
F&CPeter Lees16.70%

 Skandia Global Best Ideas

 RegionInvestment HouseFund ManagerTarget Asset Allocations
UK

Artemis

BlackRock

Old Mutual Asset Management

Schroders

Tim Steer

Richard Plackett

Daniel Nickols

Richard Buxton

50.00%
USMarsico Capital Management LLCTom Marsico14.21%
Europe excluding UKOdey Asset ManagementCrispin Odey12.46%
Emerging MarketsFirst State InvestmentsJonathan Asante10.51%
JapanSchrodersNathan Gibbs5.06%
Asia Pacific excluding JapanTiburon PartnersMark Fleming7.77%

 

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