Skandia awards best ideas mandates to Artemis’ Steer

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.”