Aviva to run mandate within Skandia UK Strategic Best Ideas fund

Skandia has handed Aviva a £8m mandate within its £62m UK Strategic Best Ideas fund.

SIG senior fund manager Ryan Hughes funded the 12.5% position by cutting the weightings of existing managers who had breached their allocation in the equally weighted portfolio due to market moves. Managed by Julius Lipner, the mandate will run alongside the seven existing long/short equity managers: Paul Casson of Henderson; Richard Plackett of BlackRock; Tim Steer of Artemis; Phil Hardy of Polar Capital; Mark Lyttleton of BlackRock; Colin McLean of SVM; and Ben Wallace at Gartmore. Lipner joined Aviva in January 2009 and launched the group’s £64m UK Absolute Return fund later that y...