Skandia Investment Group has replaced Kames Capital’s Audrey Ryan with Artemis’ Tim Steer on its UK and global best ideas funds.
The firm has handed Steer a £38m mandate in the global best ideas fund and a £24m mandate in the UK best ideas fund.
Steer runs the long-short best ideas mandate within the Skandia strategic best ideas fund. He previously managed a mandate in the Skandia UK best ideas fund while he was at New Star.
Skandia Investment Group portfolio manager Lee Freeman-Shor says: “Steer is a hugely experienced and highly skilled manager and is well known to us . We have been able to see first hand over a number of years how Steer can add value across the market cap range in a focused portfolio.”