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Whittaker joins brains trust for Skandia fund

New Star joint chief investment officer Stephen Whittaker has become the second fund manager to confirm his participation in Skandia Investment Management’s new global best ideas fund.

Whittaker, who runs New Star’s UK growth fund, will be one of 10 managers to take on mandates, joining Artemis capital fund manager Mark Tyndall who confirmed his participation last week.

The 10 managers will each feed their 10 best stock ideas into the fund. Whittaker will be one of five managers concentrating on the UK while the others will draw ideas from Japan, Asia Pacific, the US, emerging markets and Europe.

A Skandia spokesman confirms that all 10 managers for the venture have been chosen and FSA approval has been granted for the fund, which is expected to launch in the next two months.

He says: “We have agreed a list and secured the line up so it is just a case of finalising the last details of the fund before we announce the other managers.”

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