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John Ventre, lead portfolio manager for the Skandia Diversified and Skandia Alternative Investments Funds, SIG

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SIG awards GBP67m European equity mandate to Mandarine Gestion

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Skandia Investment Group (SIG) has awarded a GBP67m mandate in its flagship GBP1bn Global Dynamic Equity Fund, to Mandarine Gestion’s European equity manager, Marc Renaud.

 
SIG has made the decision to move the GBP67m mandate from Alliance Bernstein to enhance the alpha potential within the European equity allocation which the Global Dynamic Equity fund holds. When combined with the other managers in the fund, Marc Renaud’s more focussed and higher conviction approach has potential to help secure enhanced long term returns for investors.
 
Launched in March 2009, the Skandia Global Dynamic Equity fund aims to provide long-term capital growth predominantly through investment in global equities. Since launch, the fund has outperformed the benchmark, returning 65.94% compared to a benchmark of 53.43%, whilst substantially outperforming the IMA Global peer group.

Renaud has built up an exemplary track record as a value investor over 15 years in the industry. He has a focused, high conviction approach, seeking undervalued companies with potential catalysts that may justify higher valuations and attract other investors. Marc is assisted by Yohan Salleron, who is involved in both analysing companies and in portfolio management.
 
John Ventre, SIG portfolio manager says: “Marc has an excellent track record and his high conviction and active approach to stock picking is ideally suited to the Global Dynamic Equity Fund. He runs focused portfolios of 30-40 high conviction stocks and takes a more active approach than many of his peers, who tend to be long-term stock holders. This approach coupled with the types of stocks he targets – which include recovery stories, cyclical shares benefiting from economic upturns, and shares that have fallen out of favour – enables Marc to maximise his chance of success and therefore potentially deliver strong returns for investors.”

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