Skandia Investment Group has selected new managers for the European Best Ideas fund, Financial Times reports. The firm has handed over the responsibility of the £588.2 million portfolio to Cédric de Fonclare of Jupiter and Marc Renaud of Mandarine Gestion.

Earlier, the fund was managed by portfolio manager Lee Freeman-Shor. The appointments come after the removal of Tobias Klein of First Private from the fund’s line-up, which will bring the total number of mandated managers to 10.

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