Old Mutual shakes up fund range

MergingOld Mutual has made a raft of changes to its fund range, with two mergers and several changes to investment adviser mandates, including three brought inhouse.

The Skandia US All Cap Value fund and the Skandia US Value Fund have merged into the Old Mutual US Dividend fund.

Its new investment adviser is Barrow, Hanley, Mewhinney & Strauss, dropping GAMCO Asset Management, which previously advised on the US all cap mandate, and Hotchkis and Willey Capital Management, which previously advised on the US value mandate

The Skandia European Equity fund and the Skandia European Opportunities fund have merged into the Old Mutual European Equity fund.

The fund has been brought inhouse, with Kevin Lilley becoming the investment adviser. GE Asset Management previously advised on the European equity fund, and SVM Asset Management on the European opportunities mandate.

Meanwhile, the Skandia Global Bond fund, which has been renamed Old Mutual Global Bond fund, has also been brought inhouse. It is now advised by Stewart Cowley. The previous investment adviser was Wellington Management Company.

A third mandate, that of the Skandia Japanese Equity fund, which is now the Old Mutual Japanese Equity fund, has also been brought inhouse. It is now advised by Ian Heslop, was previously advised by Dalton Capital (Hong Kong).

The Ireland-domiciled investment company Skandia Global Funds has changed its name to Old Mutual Global Investor Series, which has been reflected throughout its sub-funds.

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