Skandia hands £150m mandate to Buxton

Skandia Investment Group has awarded a further £150m mandate to Schroders' Richard Buxton.

Replacing Origin Asset Management, the £150m mandate covers an element of UK equity assets in Skandia's UK Equity Blend and Diversified funds, as well as all six of the group's risk-rated Spectrum vehicles. Buxton already runs mandates in three Skandia funds - Global Best Ideas, UK Best Ideas and Global Dynamic Equity. "We have been particularly pleased with Schroders presence in managing UK equities within three of our funds and so I am delighted that we have been able to extend their presence by adding the Skandia Diversified fund; the Skandia UK Equity Blend fund and the Skandia Sp...