SIG appoints Lapides for Global Dynamic Equity mandate

Skandia Investment Group has appointed Lapides Asset Management managers Steve Wilson and Glenn Sussman to run a £45m US mid-cap value mandate in its Skandia Global Dynamic Equity fund.

Lapides takes over the mandate previously run by Epoch Investment Partners.

The firm was founded by Steve Wilson in 2005. He previously was chief investment officer at Reich & Tang. Lapides’ focus is solely on US small and mid-cap equities.

It looks to invest in companies when share prices fall below what it deems to be long-term fair value for businesses with sustainable competitive advantages. Fundamental research is relied on to ensure Lapides is comfortable that share price falls are not the result of long-term risk.

Francois Zagame, manager of the Skandia fund said: “Steve and Glenn are a welcome addition to the Skandia Global Dynamic Equity fund and bring a wealth of experience.”

“Their extremely thorough research process is a real asset which involves gaining an in-depth understanding of the companies they research and it is not unusual for them to monitor companies for years before the opportunity to invest arises. This meticulous research process coupled with a focused and contrarian approach enables them to exploit the significant alpha potential in the US mid-cap value space and therefore potentially deliver strong returns for investors.”

The appointment of Lapides leaves the current mandate line up for the £1bn Skandia Global Dynamic Equity fund as follows:

 Sector Current Asset Allocation  Manager



 QMA, Lapides, Marsico

 Europe inc UK


 Argonaut, Wellington, Mandarine Gestion, Schroder



 First State, MIR




 Emerging Markets





 JPM Global Financials Fund, DWS Global Agribusiness Fund




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