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Japanese mandate moves

Skandia Investment Management has appointed AllianceBernstein to run its Japan mandate within its actively managed and cautious ranges.

AllianceBernstein replaces Sparx which have been taken off the mandate following the departure of Kahori Ando who ran the fund for SIML.

SIML fund manager Ryan Hughes says: “The trigger behind this move was Ando’s decision to leave the group as she was a talented and experienced investor.”

Alliance Bernstein fund manager Katsuaki Ogata will run the mandate using a high-conviction, value-orientated approach.

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