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SIG Global Best Ideas mandate given to Treasury Asia Asset Management

Skandia Investment Group has appointed Treasury Asia Asset Management to run its £30 million Asian mandate for its global best ideas fund.

Treasury Asia will be managed by Peter Sartori and replaces Aberdeen which previously ran the mandate.

Global Best Ideas employs ten fund managers to make ten stock-picks which are rolled into a single fund by SIG and currently has assets of £445 million. It has delivered 25 per cent investment return since launching two years ago and is ranked sixth out of 119 funds in the same sector.

Treasury Asia was founded in 2005 and specialises in active investment management in the Asia Pacific region from offices in Sydney and Singapore.
Skandia says it still holds Aberdeen’s Asian capability in high regard and it will remain within other Skandia multi-manager funds.

TAAM fund manager Peter Sartori says “Asian equities are offering some very interesting opportunities at the moment and we are confident we shall be able to capitalise on them in the style of the fund.”

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