UK global manager wins Aussie mandate
UK-based firm, Royal London Asset Management, in partnership with local distributor, Ironbark Asset Management, has been awarded an institutional mandate with Nikko Asset Management for Australia and New Zealand.
The firm said that mandate was awarded to Royal London for their Global Equity Select Strategy, which applied a concentrated approach to global equity investing which delivered high stock specific risk and exposures that drove excess returns for the strategy in 15 out of the 17-year history.
The strategy is run by peter Rutter and his team which applied their economic return and corporate life cycle frameworks which constructs a differentiated portfolio.
“Engaging a differentiated global equity approach brings confidence to our multi-manager global equity strategy,” Nikko AM’s senior portfolio manager, Charl Marais, said.
“We’re confident that Peter and his team will contribute positively to the ongoing success of our 10-year track record in manager selection.”
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