Zagamé shifts £45m mandate to US mid caps

Skandia's François Zagamé has revamped the American mandate in his £1bn Global Dynamic Equity fund to give it a greater mid-cap focus.

Zagamé has ditched US large-cap biased Epoch Investment Partners and awarded a £45m mandate to Steve Wilson and Glenn Sussman of Lapides Asset Management, a mid-cap specialist boutique. US-based Lapides was founded in June 2005 by Steve Wilson, former CIO at Reich & Tang. The move comes after Zagamé earlier this year moved his US allocation to its lowest possible underweight of 20% in the view growth prospects for the country look muted. The manager said the US is a great potential source of alpha, and he believes the best way to play this is through investing in the mid-cap market...