Skandia Investment Group (SIG) has dropped Treasury Asia fund manager Peter Sartori its Global Best Ideas fund and replaced him with Mark Fleming from Tiburon Partners.

Fleming will manage a £20 million Asia mandate for the Global Best Ideas fund. He was appointed following 'extensive research and analysis' by Skandia's research team.

Lee Freeman-Shor, portfolio manager at Skandia Investment Group, said, 'Any manager that we add to our best ideas funds has to successfully manage a paper portfolio and prove to us that their skill set at managing a broader portfolio is transferable to managing a ten stock mandate.

'Our research shows that Mark has demonstrated exceptional skill in doing this over the past year. He adopts a high conviction, focused and benchmark unaware strategy, applying a pragmatic and opportunistic approach with a contrarian/value bias that mixes top down and bottom up.'

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