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SIG awards Skandia Global Best Ideas mandate to Tiburon


Skandia Investment Group (SIG), the investment management arm of Old Mutual Wealth Management, has awarded a GBP20m mandate in its Skandia Global Best Ideas Fund to Mark Fleming at Tiburon Partners, the specialist Asian fund management firm. Fleming’s appointment to the fund sees him taking over the mandate from Peter Sartori from Treasury Asia.

Fleming is a partner at Tiburon and is the lead manager of the firm’s Asian offerings.  He is one of the most experienced fund managers in Asian equities boasting 30 years of investment experience. The decision to appoint Fleming to the fund follows from the extensive research and analysis conducted by SIG’s investment research team, one of the largest in the world, which revealed that his high conviction and focussed approach complemented the fund.
Analysis showed that over the year that Fleming managed a ‘paper’ mandate for SIG, he demonstrated that he significantly outperformed the MSCI AC Asia Pacific ex Japan Index and the peer group. More importantly, SIG’s proprietary trading analysis tool, which analyses every trade a manager makes, suggested his approach was ideally suited to managing a ten stock mandate.
The Skandia Global Best Ideas Fund, managed by Lee Freeman-Shor, Francois Zagame and Ryan Hughes, has demonstrated exceptional performance, outperforming the peer group, the IMA Active Managed Sector, over all time periods and achieving top quartile performance since its launch in June 2006*.

Lee Freeman-Shor (pictured), portfolio manager at SIG says: “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. This approach has enabled Mark to outperform in both bull and bear markets and is why we have handed him a mandate in our Global Best Ideas Fund.”

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