Van Eyk changes Blueprint
Van Eyk has appointed AQR Capital Management as an underlying manager for its Blueprint International Shares Fund.
This follows AQR being awarded an ‘A’ rating in van Eyk’s 2006 international equities review for possessing a “well-defined investment philosophy based on the concepts of value and momentum”.
Van Eyk said it was impressed by the quality and academic credentials of the investment team and the strong alignment of their compensation with the ongoing success of the firm.
“When we introduce new managers to Blueprint we make sure they are the best and AQR is the best we identified in our review,” van Eyk head of research Dr Jerome Lander said.
AQR, which is distributed in Australia by BT Fund Management, has a target allocation of 15 per cent in the fund and joins six other underlying managers.
However, two of those managers, Capital International and Perpetual, have had their ‘A’ ratings downgraded and as such will be transitioned out of the fund when replacement managers are identified.
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