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Polar Capital replaces Threadneedle in Skandia’s UK strategic best ideas fund

Skandia has awarded Polar Capital the £10 million mandate in its UK strategic best ideas fund that was previously run by Threadneedle.

Polar’s appointment follows the departure of Threadneedle’s fund manager Paul Findley in July.

Polar Capital’s UK equities lead manager Philip Hardy will oversee the running of the mandate. Hardy typically invests in companies with attractive valuations and good financial fundamentals. He also specialises in taking short positions in stocks in order to profit from situations where a company’s share price is expected to fall.

Skandia Investment Group fund manager Ryan Hughes says: “We believe that the boutique structure and culture at Polar Capital combined with the track record and experience of Philip Hardy makes this a very strong appointment to the fund.”

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