American Skandia has chosen Old Mutual Asset Management subsidiary Pilgrim Baxter to run mandates worth $650m (€744m), replacing Janus Capital Corporation as its small cap growth sub-adviser.

American Skandia is the US arm of Skandia, one of Sweden's largest financial services groups. It offers mutual funds managed on a multi-manager basis.

American Skandia drops Janus for Old Mutual

William Hutchings

Old Mutual

Janus Capital

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