MLC expands international manager line-up
MLC has appointed two new managers to its global share strategy in Bernstein Investment Research and ABN Amro Asset Management, after deciding to broaden the differentiation of manager styles.
ABN Amro was chosen because of what MLC perceives as a unique growth oriented investment approach, supported by an experienced team and disciplined process. The manager has $296 billion in funds under management.
With $185 billion under management worldwide, Bernstein was chosen for its unique investment insights and because of a global research capability that monitors 10,000 companies around the globe.
MLC Investment Management chief investment officer Chris Condon says the rationale behind choosing the two new managers is to enhance the returns without increasing risk.
MLC will be regularly reviewing its investment strategy for each asset class.
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