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Mirabaud replaces Gartmore on Skandia UK equities

Mirabaud has been awarded a £77m mandate across a number of Skandia Investment Group funds.

Phillip Watson and Edward Peter-Hoblyn will run the mandate which forms part of Skandia’s UK equity blend, aggressive, balanced, and cautious funds, as well as part of the spectrum risk-rated funds.

The Mirabaud pair are large and mid cap managers with a long-term investment approach. Their appointment follows the removal of Gartmore’s Ashley Willing and Simon King from the multimanager portfolios on the grounds of underperformance.

Skandia Investment Group senior fund manager Ryan Hughes says: “If we need to make changes to the line up of our funds to protect performance, then that’s something we will actively do. Phillip and Edward’s investment style and proven track record make them a great addition to our UK equity portfolios.”

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