BlackRock and ING to run Skandia fund

Skandia is linking up with BlackRock International and ING Investment Management to run its Europe ex UK life and pension fund links, writes Leo Bland. BlackRock and ING will each manage half of money in Skandia's Europe excluding UK life and pension fund links. The BlackRock mandate will be managed by Albert Morillo and his investment team who joined the group from Scottish Widows. This will have a mandate of beating the benchmark index by 1.5% a year. The ING mandate will be more passively managed with a target of beating its benchmark index by 0.5% a year. ING uses a stock filtering sy...