Skandia Investment Group has awarded a £100m mandate to Du Pont Capital.
Ming Shao, portfolio manager with Du Pont Capital, will take over the mandate for the Skandia High Yield Bond fund from Rob Cook of JP Morgan.
Ryan Hughs, portfolio manager at Skandia, says: “Their strategy is based on a disciplined, analytical approach employing a top-down sector allocation, and bottom-up security selection process, to identify and capture high-yielding value opportunities.
“This disciplined investment process coupled with the team’s wealth of experience make DCM a welcome appointment to the Skandia High Yield Bond fund.”
Shao will be supported by Murat Korkmaz, a senior credit analyst at the firm and Yong Zhu, a senior emerging market portfolio manager.
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