Skandia starts up new mutual fund company

Skandia has created a mutual fund company with the aim of distributing 20 new Dublin-based funds to be managed by a broad selection of European and global investment houses. Skandia Global Funds, the new company, will determine the fund objective, define the investment mandate, and select and monitor the investment manager for each fund. Skandia already has investment mandates of 145 fund management organisations around the world. To support this approach, a global investment research committee has been established consisting of members from Skandia companies in the US, UK, Sweden, Germ...