Lapides’ addition to the fund sees them taking over a portion of the portfolio previously managed by Epoch Investment Partners.
Lapides Asset Management is a US-based boutique focusing solely on US mid- and small-cap equities.
The Skandia Global Dynamic Equity Fund, managed by Francois Zagame has over £1bn of assets and aims to provide long-term capital growth predominantly through investment in global equities.
Since its launch in March 2009 the fund has outperformed the benchmark, returning 66.36% compared to a benchmark of 54.84%, while significantly outperforming the IMA Global peer group.
Zagame said Steve and Glenn are a welcome addition to the Skandia Global Dynamic Equity Fund and bring a wealth of experience. Their extremely thorough research process is a real asset which involves gaining an in-depth understanding of the companies they research and it is not unusual for them to monitor companies for years before the opportunity to invest arises.
"This meticulous research process coupled with a focused and contrarian approach enables them to exploit the significant alpha potential in the US mid-cap value space and therefore potentially deliver strong returns for investors," Zagame added.
