Skandia Investment Management has promoted Lee Freeman-Shor to co-portfolio manager across the group’s entire best ideas range.
Freeman-Shor, who was co-head of equity research, will work alongside Francois Zagame. Skandia launched its Global and UK Best ideas funds in 2006.
The funds have had mixed returns, with the UK fund currently fourth quartile in the IMA UK All Companies sector over three years. However, both the Global and UK Best Ideas funds are top quartile in the past 12 months.
Skandia UK Strategic Best Ideas launched in September 2007 and is second quartile in the past 12 months in the IMA UK All Companies sector.
Skandia Investment Management also launched a European Best Ideas fund in April 2008. The fund, which Freeman-Shor has been managing, was initially unavailable in Britain. (article continues below)
Freeman-Shor joined Skandia in October 2005 from Schroders Investment Management.
A Skandia spokesman says: “Lee has done exceptionally well in managing the European best ideas range and it made sense for him to move across to work with Francois on the entire range.”
Meera Patel, a senior analyst at Hargreaves Lansdown, says: “Skandia’s changes across the best ideas range are starting to bear fruit, as we can see through the improved performance figures.”