Mandates & RFPs

SIG terminates Gartmore mandate after star manager retires

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Skandia Investment Group has terminated its $53 million (€38 million/ £32.7 million) mandate to “protect investors” following the departure of Roger Guy from Gartmore (see earlier story).

Guy, the manager of the firm’s large-cap European equities funds, has been the instigator and figurehead of Gartmore’s hedge fund business which includes the management of two UCITS hedge funds: the European Absolute Return and European Best Ideas Absolute Return Funds.

Guy, ran money at the London-based asset manager for 17 years. His European large-cap team managed $5.6 billion (€4.06 billion/ £3.5 billion) of assets under management as at