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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.”


Boomers in denial on effects of the crunch

Nearly two-thirds of baby boomers have not yet reviewed their retirement plans in light of the financial crisis, according to research by The Hartford.The firm found that only 7.5 per cent of those surveyed have visited an IFA as a result of the turmoil. The report reveals 42 per cent of baby boomers are in […]

Private lessons

When we look back in 2017, how will we decide if pen-sion reform was successful or not? Some may think it is only successful if 100 per cent of employers comply with their new pension respon- sibilities, others will be satisfied if 75 per cent comply. Some may deem it a success if it creates seven million new savers, others would disagree if that meant a further five million save less than they did before because employers level down their contributions to existing schemes.

Congestion charging

The FSA’s position on adviser charging is clear. It wants to see commission banned in its current form by the end of 2012. Dan Waters’ speech on January 16 at the Association of British Insurers’ conference is particularly illuminating.

Pru profit boosted as Thiam takes on top role

Prudential chief executive Mark Tucker is to step down in September after last week revealing a profit increase of 17 per cent in the firm’s preliminary results for 2008.Tucker will be succeeded by group financial officer Tidjane Thiam, who is set to become the FTSE 100’s first black chief executive. Tucker has been at the […]

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


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