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...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till