Skandia drops Goldman Sachs from European fund

Skandia Investment Group has dropped Goldman Sachs from its Skandia European Equity fund for General Electric (GE) Asset Management.

James Millard, chief investment officer for Skandia Investment Group, says: “GE Asset Managment’s focus on high quality companies, with proprietary products in growth markets has delivered outstanding results over many years.

“We are fortunate to have found a partner who has the capacity to run a highly concentrated portfolio, in a risk controlled manner.

He adds: “We believe GE Asset Management’s skill set will match perfectly the fund’s objectives and significantly benefit our clients.”