Skandia Investment Group (SIG) has awarded a £21 million multi-manager mandate to Peter Lees of F&C Investments, Financial Times reports. Lees will be replacing SVM Asset Management’s Colin Mclean as a manager on SIG’s £142.9 million U.K. Best Ideas fund.

The Best Ideas fund is handled by Lee Freeman-Shor, Ryan Hughes and Francois Zagame. Other SIG fund managers include Richard Buxton at Schroders, Richard Plackett at BlackRock, Audrey Ryan at Aegon and Jacob Tusch-Lec at Artemis.

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