Polar Capital wins Skandia Best Ideas mandate

The mandate will be managed by Philip Hardy, Polar Capital’s lead manager of the UK equity team. Polar Capital takes over the mandate from Threadneedle. The decision was reached following a review process by Skandia after Paul Findlay, one of the managers of the fund, left Threadneedle. The fund uses the Best Ideas formula where ten best ideas from ten world class fund managers are combined in a single fund. Each manager has the flexibility to profit from rising share prices and short positions, maximising opportunities to make money. Skandia says Hardy has a strong track record in...