CBA awards $200m mandate to UK equity firm

5 February 2015
| By Malavika |
image
image
expand image

The Commonwealth Bank of Australia has awarded a $200 million global equity mandate to London-based equity firm Ardevora Asset Management.

The superannuation fund mandate will be managed by Ardevora founder Jeremy Lang, and partners William Pattisson, Gianluca Monaco and Ben Fitchew.

Ardevora was formed five years ago and has US$1.5 billion of assets under management.

It runs four specialist equity strategies: global long-only, global long/short, UK long/short and UK equity income.

The firm uses cognitive psychology to exploit biases in three participants in the equity markets: company management, analysts and investors.

"We are extremely proud to be working with the CBA and it is a strong validation of the process we follow," Lang said.

Read more about:

AUTHOR

 

Recommended for you

 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Ralph

How did the licensee not check this - they should be held to task over it. Obviously they are not making sure their sta...

10 hours ago
JOHN GILLIES

Faking exams and falsifying results..... Too stupid to comment on JG...

10 hours ago
PETER JOHNSTON- AIOFP

Must agree to disagree with you on this one Keith, with the Banks/Institutions largely out of advice now is the time to ...

11 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND