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Skandia drops Rathbone’s Stick from UK best ideas

Skandia Investment Group has dropped Rathbone’s Carl Stick from its UK best ideas fund, saying his primary investment style no longer suits the overall makeup of the fund.

The changes follow Rathbone’s announcement that Carl Stick will only be managing the firm’s income fund.

Cartesian Capital Partners managers Andrew Kelly and David Stevenson will replace Stick on the mandate. The duo already run a mandate within Skandia’s UK strategic best ideas fund.

Cartesian is a specialist UK equity boutique, set up as a 50/50 joint venture with Ignis Asset Management and managed by David Stevenson, Andrew Kelly and Jeremy Hall.

Skandia UK best ideas fund manager Ryan Hughes says: “David Stevenson and Andrew Kelly have a proven track record of running best ideas mandates and their inclusion in the long only UK Best Ideas fund as well the long/ short UK Strategic Best Ideas fund is testament to the high regard in which our investment research team holds them.”

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