Skandia cuts managers across Best Ideas range

The group has reduced number of fund managers in its UK Best Ideas fund from 10 to seven - cutting mandates run by Jupiter's Anthony Nutt, River & Mercantile's Dan Hanbury and Ignis Cartesian duo Andrew Kelly and David Stevenson. Following disappointing relative performance during the markets rally last year, SIG CIO James Millard says the team has been "heavily scrutinising" the line-up and blending of managers to ensure the fund is better placed to deliver more consistent outperformance. The remaining managers in UK Best Ideas are Aegon's Audrey Ryan, Artemis' Jacob de Tusch-Lec, Bl...