The £52m mandate has been funded by reallocating assets from other US mandates in the fund, which are run by QMA, Lapides and State Street.
Higgins and his team focus on finding out of favour companies with valuation anomalies, and follow an aggressive strategy invested in 50 to 80 stocks, which has typically exhibited a high beta.
Francois Zagame, portfolio manager for the Skandia Global Dynamic Equity Fund, said: "We have been looking for a while to add an aggressive manager to our US allocation in the fund and Peter Higgins fits the bill perfectly.
"Peter is an experienced and strong investor whose skill and style complement the rest of the UK allocations we have in the fund and we are delighted to have Peter join the line-up."
Higgins worked for The Boston Company for 17 years before moving to Wellington Management in late 2005 and has a vast amount of experience in US equities, Skandia said.
