Skandia

Phil Wagstaff is leaving his role as chief executive of Skandia Investment Group, just two weeks after joining, to become global head of distribution at Henderson Global Investors.

Skandia's portfolio manager Lee Freeman-Shor has swapped Barings' James Buckley for former favourite Dirk Enderlein on the Skandia European Best Ideas fund.

US

Skandia Investment Group have teamed up with Aspect Capital to launch a managed futures fund, targeted at high net worth individuals.

Skandia UK has announced a 5% fall in net inflows and funds under management for the first nine months of the year - but said it had outperformed wider industry trends.

Legal & General International (Ireland) and Suffolk Life have named Skandia as their new distribution partner.

Skandia Investment Group (SIG)is calling on the IMA to introduce a new sector for 'risk-targeted funds', with legacy 'managed' portfolios shifted to an alternative category where returns are the driver.

The Active Managed sector has suffered from market volatility in the short term, but managers have held their nerve.

Skandia is in talks with fund managers about retaining rebates in its pricing structure after unveiling details of its unbundled pricing model due out in the second half of next year.

Brett Williams, the former head of both the Skandia and Cofunds platforms, has joined the board of boutique fund house Insynergy Investment Management as a non-executive director.