Skandia Investment Group (SIG) is adding Danske Capital to its top performing Skandia European Best Ideas Fund.
Danske Capital, a division of Danske Bank A/S, will take on a €38m mandate to help further boost its top performing Skandia European Best Ideas Fund.
Launched nearly three years ago, Skandia European Best Ideas Fund has delivered exceptional performance – outperforming the MSCI Europe Index by over 16% since its launch in April 2008*, so placing the fund firmly in the top decile of the Morningstar peer group.
The fund is managed overall by SIG fund manager Lee Freeman-Shor who allocates capital to the leading European equity managers; currently, Crispin Odey of Odey, James Inglis-Jones of Liontrust, Hugh Cuthbert of SVM, Raj Shant of BNY Mellon/Newton, Tobias Klein of First Private, James Buckley of Barings, Terrance Burnham of Acadian, as well as Damien Laternier of Financiere de l’echiquier. Those investment managers have now been joined by Henrik Husted-Knudsen of Danske Capital.
Fund Manager Lee Freeman-Shor said:
“Henrik is an experienced and gifted focused investor, who is supported by highly rated colleagues Ivan Larsen and Allan Nielsen. His skill can be evidenced from the consistent outperformance of his stockpicking strategy. This skill, at delivering focused alpha, was evidenced during the 15 months he has managed a ten stock paper portfolio for me over which time he significantly outperformed the MSCI Europe index and peer group. His focus on delta, quality and value across the market cap spectrum should also mean that he is able to adapt and outperform during the ever changing market environment going forward.”
Henrik Husted-Knudsen said:
“We are delighted to be added to the Skandia European Best Ideas Fund. With our strong and consistent team and a fundamental investment approach based on industrial thinking and cash flow we have been able to outperform the market for the past 6 years. Focus represents the core of our process, so running a 10 stock mandate fits well with our way of working.”
*Source: Financial Express, bid to bid, net income reinvested, 10th April 2008 to 4th January 2011