SKANDIA Investment Management (SIML) has become one of the first multi-managers to give significant backing to the £300m New Star Equity Income trust since Stephen Whittaker replaced Toby Thompson as manager by investing £20m in the fund.
The investment has come from the £133m Skandia Equity Income fund, which until now held six mandates; five of them each representing 18pc of the portfolio and one, Gartmore UK Focus, 10pc. SIML said...
Has spent four years at SLA
Our weekly heads-up for advisers
Factor in volatility
Potential IHT liability