Skandia Investment Group (SIG) is considering rolling out an overseas version of its UK Strategic Best Ideas fund.
The company is contemplating a European or International version of the UK fund, which has recently celebrated its first anniversary and accumulated nearly £90m under management in its long/short multi-manager strategy. Currently third out of 337 funds in the IMA UK All Companies sector, it has returned -5.64% against a sector average of -17.76% in a year, according to Financial Express Analytics. Market exposure within the fund is currently 47% but has ranged from 45% to 75% over the life of the fund, with some managers moving from market neutral to 100% long in short spaces of time, t...
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