Cartesian appointed to Skandia UK Best Ideas Fund
Skandia has made a change to the fund manager line-up on its UK Best Ideas Fund. Andrew Kelly and David Stephenson from Cartesian have been appointed in place of Rathbone’s Carl Stick.Mr Kelly and Mr Stephenson currently manage the Ignis Cartesian
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UK Opportunities Fund, having previously made their name at SVM. The fund has performed well relative to its peers and is ranked in the first quartile since launch in December 2005. The pair, known for their ability as stock pickers, are also part of the management line-up on Skandia’s UK Strategic Best Ideas Fund.We view this change as broadly positive. The outgoing manager, Carl Stick, has a good long term record and is someone we rate highly, but the performance of his funds has been disappointing over the last couple of years. In our opinion Andrew Kelly and David Stephenson will do a good job for investors in the Skandia UK Best Ideas Fund.Stuart Goodwin, Analyst
