Skandia Investment Group (SIG) has signed £100m bond mandate with Ming Shao of Du Pont Capital Management (DCM) to manage its Skandia High Yield Bond Fund.
The Skandia High Yield Bond Fund is indented to bring total return by investing in both sterling and non-sterling denominated securities.
As per the deal, senior credit analyst Murat Korkmaz will support portfolio manager Ming Shao.
In addition, senior emerging market debt portfolio manager Yong Zhu will be on hand to offer interesting insights from a different perspective.
The team aims to offer an upside opportunities with a margin of safety by designing financial models that focus on stress testing and looking for investments, capable of resisting market worst conditions.
The Skandia High Yield Bond Fund is used in SIG’s core funds which include Skandia Diversified Fund, International Diversified Fund, International Growth Fund, Strategic Bond Fund, and the Skandia Spectrum range.
The Shao and team appointment follows taking over the mandate from Rob Cook of JPMorgan.