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Treasury Asia takes on Skandia mandate

Skandia Investment Group has appointed Treasury Asia Asset Management to run its 30m 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 10 fund managers to make 10 stock picks which are rolled into a single fund by SIG and has assets of 445m. It has delivered a 25 per cent return since launching two years ago and is ranked sixth out of 119 funds in its sector.

Treasury Asia was set up in 2005 and specialises in active investment management in the Asia-Pacific region with 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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