Institutional Investors Mandates & RFPs

Skandia European Best Ideas Fund brings in BlackRock


Skandia Investment Group’s Skandia European Best Ideas Fund has awarded a $44 million (€34 million) mandate to Richard Plackett of BlackRock. 

Plackett co-manages the Cayman-domiciled BlackRock UK Emerging Companies Hedge which had assets of $1.3 billion at December 2011 and an annualised return of 15.87% since its inception in May 2004 – winning it a long series of EuroHedge awards for top performance.

Lee Freeman Shor, lead portfolio manager of the $440 million (€340 million) Skandia European Best Ideas Fund, says: “Richard already manages three other ten stock UK equity mandates for me.

“During the last five and a