Insight Investment wins Zurich mandate
Insight Investment has been awarded a mandate from Zurich Australia’s investments business, Zurich Investment Management.
The mandate was awarded to the Insight Diversified Plus Fund and this allocation would form a part of Zurich’s diversified strategies including their flagship Managed Growth Fund.
Zurich’s head of savings and investments, Matthew Drennan, said that Insight’s approach was perceived as complementing to Zurich’s existing strategic investment partners.
“The underlying strategy was launched initially in the UK in 2004 and 10 years later in Australia, with the establishment of the Insight Diversified Inflation Plus Fund,” Insight Investment director, Australia and New Zealand, Bruce Murphy, said.
“The strategy has a long and successful track record managing assets throughout various market cycles. The Insight Fund is now available on leading investment platforms and has resonated with Australian investors seeking inflation plus returns with strong downside risk management in place.”
According to Matt Merritt, head of multi-asset strategy group at insight, investors needed access to a broad range of return sources.
“Our approach is based on three simple and effective principles: diversification, dynamic asset allocation and downside risk management,” he said.
Australian investors currently make up $2.6 billion of the total $8.7 billion managed globally by Insight in this strategy.
Recommended for you
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.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
