Nikko AM wins two mandates from Zurich Investments
Nikko Asset Management has been awarded two new Australian equities mandates from Zurich Investment Management Limited.
The mandates would be managed by Nikko Asset Management’s head of Australian equities, Brad Potter, and Nikko AM’s portfolio manager, Jason Kim, and would be based on the credit valuation adjustment (CVA) strategy run by the Australian equities team.
Zurich Investments’ senior investment strategist, Patrick Noble, said: “We were impressed by Nikko AM Australia’s approach during the review process, underpinned by the firm’s rigorous risk management framework and research-driven culture.
“We look forward to a successful relationship with Nikko AM Australia,” he said.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
