SIML ditches Whiteoak following AXA departure

Whiteoak had previously controlled a mandate for SIML’s Global and UK Best Ideas funds since inception in 2006. The mandate will now be run by Dan Hanbury, River and Mercantile’s UK Equity fund manager. SIML says this is the first time any fund manager has been replaced from the Best Ideas range. “The departure of Roger Whiteoak from Axa Framlington naturally led us to review the mandate he was running and decide on the best way forward for the fund,” SIML CIO James Millard says. Hanbury adds: “The unconstrained nature of the Best Ideas mandate suits our investment approach perfectl...