Advance adds Tradewinds funds

1 September 2008 | by Liam Egan

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Advance Asset Management has entered an agreement with US global equity specialist Tradewinds Global Investors to offer its global equities fund exclusively to retail investors in Australia.

The agreement to add the four-star rated Advance Tradewinds Global Equities Fund to the Advance fund portfolio builds on Advance’s existing relationship with Los Angeles-based Tradewinds.

Tradewinds, which has US$30.8 billion in assets under management, has been managing international equities in the Advance International Shares Multi-Blend Fund since May 2006.

St George Investment Solutions general manager Patrick Farrell said the Advance Tradewinds Global Equities Fund offers local investors access to a “truly global manager, which invests in both developed and emerging markets”.

Tradewinds’ focus is on providing investors with “superior risk-adjusted returns through a value orientated process across varying market environments”, he said.

“It seeks to be opportunistic by exploiting disparities between investor perception and the underlying industry or company fundamentals.”


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