$100-million mandate for 90 West
Natural resource fund manager 90 West has announced receipt of a significant mandate from an industry superannuation fund.
The fund manager announced this week it had been granted a $100 million equity mandate, saying it represented an important endorsement of its approach.
Commenting on the mandate, 90 West managing director Clive Landale said that for a relatively new firm such as 90 West, the mandate from an established industry superannuation institution was testament to the great deal of work that had occurred over the past 12 months.
He said the institutional mandate complemented the firm's recently launched Global Natural Resources Fund, which is available to smaller Australian and New Zealand retail investors.
"With this mandate win and other fund initiatives, 90 West is now on a solid footing to expand our business with the aim of becoming a leading specialist global natural resources fund manager," Landale.
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