Skandia Global Funds has appointed new managers for its US Value equity mandate and European Equity ...
Skandia Global Funds has appointed new managers for its US Value equity mandate and European Equity mandate.
Hotchkis & Wiley Capital Management is to manage the US Value equity mandate and Goldman Sachs Asset Management is taking on the European Equity mandate.
Following the departure of a key portfolio manager and significant restructuring within the US-based business at Invesco, a replacement was sought to manage the Skandia US Capital Income Fund.
Bringing a pure value approach to the mandate, Hotchkis & Wiley was chosen to run the fund as it brings a purity of style that does not deviate with market swings. The fund is to be re-named the Skandia US Value Fund.
With a contrarian, deep-value approach to investment, Hotchkis & Wiley searches for companies that are out of favour and likely to have been oversold, as well as looking for opportunities from companies where the dividend remains strong despite a falling stock price.
The decision to appoint Goldman Sachs Asset Management to run pan-European equities, replacing BlackRock, was based on a desire to further develop the core holding status of this fund within the product range.
GSAM aims at identifying companies with strong market positions that are led by management with the potential to generate high or improving returns. The fund's name remains the Skandia European Equity Fund.
Partner Insight: For Blackfinch, the arrival of its IHT portfolio services was a 'natural evolution' in the group's offering and points to an established track record of returning cash to investors.
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