Rest has awarded a mandate focused on global equities to GQG Partners, a boutique manager under the Pacific Current Group.
Established in June 2016, GQG oversaw client assets worth around $16 billion across both global and emerging equities markets as of 31 March, 2018.
Within two years of its launch, GQG said its Australian and New Zealand clients now had just under $2 billion invested in its strategies.
GQG said the Rest mandate took its total number of Australian and New Zealand clients to 16 across its global and emerging markets strategies, with others currently in transition.
“We worked very closely with our investment advisers in performing in-depth diligence on GQG and are delighted to be working with both GQG and their partner, Pacific Current Group,” said Rest’s general manager, investments, Brendan Casey.