Tradewinds NWQ has been appointed as a manager to the Advance Asset Management International Shares Multi-Blend Fund.
The value manager will be responsible for managing 10 per cent of the fund’s assets, with other managers including The Boston Company, Alliance Bernstein, and Mellon Capital Management.
Advance head of investment solutions Steve Gamerov said: “We believe that Tradewinds’ talented portfolio management team and high conviction value oriented approach will provide our investors with opportunity for significant out-performance in the years ahead.
“Tradewinds’ distinct and benchmark unaware approach also provides great complementarity to the existing managers in our blend.”
As a multi-boutique manager, Advance has existing arrangements with Alleron, Ausbil Dexia and MIR Investment Management, which manages the Advance Australian Shares Multi-Blend Fund, and Perennial Real Estate, which is responsible for the Advance Property Securities Multi-Blend Fund.
Managing director of Advance Kate Mulligan commented, “We are pleased to note that our focus on identifying newer managers has led us to be amongst the first to sign-up many of these managers. “
