AMP Capital secures Nikko mandate
AMP Capital has extended on its range of investment partnerships with Nikko Asset Management, with a $175 million mandate from Nikko to manage a concentrated equity portfolio on behalf of its multi-manager team.
The mandate, confirmed this week, will be managed by AMP Capital’s Co-Head of Australian Fundamental Equities, Gian Pandit, with the company describing it as a tailored investment solution based on the highly successful concentrated equity strategy run by the AMP Capital Fundamental Equities team.
“The portfolio is actively managed under an unconstrained framework to take advantage of all market opportunities as they arise, based on the highest conviction ideas of the team,” Pandit said. “Our philosophy is simple: earnings drive share prices so we try to get the earnings right and ahead of the curve to pre-empt revisions.
He said the concentrated equity strategy complemented the objective of Nikko Asset Management
Australia’s Multi Manager team to create value by sourcing alphas that are lowly-correlated.
Pandit noted that AMP Capital and Nikko had a range of such investment partnerships across their
Australian and Asian investment management businesses.
The announcement said the funds awarded by Nikko Asset Management Australia formed part of its broader Multi Manager and Portfolio Solutions business, which manages in excess of A$28 billion of assets under management.
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