Skandia reallocates £243m UK equity mandate

Origin Asset Management has been awarded a new £140m mandate, with the remainder reallocated to Gartmore, New Star, UBS and Schroders. SIML says it is the first time it has worked with Origin and continues its philosophy of giving advisers and clients access to the “best fund managers”, even to those without retail business. Martin Currie previously ran SIML's UK equity mandate and remains a fund partner, with over £72m in mandates – including the US element of its Global Best Ideas fund. SMIL says Origin delivers out-performance with a multi-factor approach. “Origin invests in com...