SIG strips Alliance Bernstein of £67m mandate

Skandia Investment Group has changed the manager line-up on its flagship £1bn Global Dynamic Equity fund, removing a £67m mandate from Alliance Bernstein and handing it to Mandarine Gestion.

Mandarine Gestion's European equity manager Marc Renaud has become the latest addition to the European line-up on the Global Dynamic Equity fund, which also includes Argonaut, Wellington, and Schroders. Skandia says Renaud's focused, higher conviction approach will potentially enhance returns within the European equity allocation. John Ventre, SIG portfolio manager says Renaud will seek to find undervalued companies with great long-term growth prospects. "Marc has an excellent track record and his high conviction and active approach to stockpicking is ideally suited to the Global D...