Skandia has removed George Luckraft from the manager line-up on its £142m UK Best Ideas fund.
The Axa Framlington manager is the latest name to be dropped since Skandia overhauled the fund in February and there are no plans to replace him. Skandia portfolio manager François Zagame says: “We decided to focus solely on managers who had displayed evidence of sustainable focused alpha by consistently outperforming their diversified funds with their best ideas portfolios during the very testing market conditions of 2008 and 2009. “One of the key characteristics displayed by most remaining managers is an ability to adapt very quickly to changing market conditions, which has bee...
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