Skandia squeezes managers in multi-asset range

The firm is building a high-profile restricted offering under the Old Mutual brand, which includes a ‘Select' panel of eleven fund managers, as well as the Spectrum and Generation risk-rated portfolio of funds. Portfolio manager John Ventre (pictured) said it aimed to hold the total expense ratios at around the price for a single fund. Skandia and Old Mutual's size gave it a distinct cost advantage, he said: "It's scale but also doing some of the dirty jobs and negotiating really hard. It's amazing the discounts you can get if you ask. We always ask and sometimes pretty rudely. "Ou...