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AMP Capital wins concentrated equities mandate worth AUD175 million
AMP Capital has won a A$175 million (US$153.82 million) mandate from Nikko Asset Management Australia to manage a concentrated equity portfolio on behalf of its multi-manager team. The mandate is managed by AMP Capital’s co-head of Australian fundamental equities Gian Pandit
The Asset 22 Oct 2014

AMP Capital has won a A$175 million (US$153.82 million) mandate from Nikko Asset Management Australia to manage a concentrated equity portfolio on behalf of its multi-manager team. The mandate is managed by AMP Capital's co-head of Australian fundamental equities Gian Pandit and is a tailored investment solution based on the highly successful concentrated equity strategy run by the AMP capital fundamental equities team.

 

The concentrated strategy aims to provide investors with strong returns through all market environments by investing in a finite number of companies that exhibit under-appreciated earnings potential.

 

Pandit said the concentrated equity strategy complements the objective of Nikko Asset Management Australia's Multi Manager team to create value by sourcing alphas that are lowly-correlated. AMP Capital and Nikko Asset Management Australia have a range of such investment partnerships across their Australian and Asian investment management businesses. The funds awarded by Nikko Asset Management Australia form part of its broader multi manager and portfolio solutions business, which manages in excess of A$28 billion of assets under management.

 

The mandate win is one of the market's largest in this space during the last two years and follows a strong track record for the fund, which is approaching its three-year anniversary. AMP Capital's high alpha strategies - equity opportunities and concentrated equity - have grown to A$1.7 billion since inception in late 2011 when Pandit joined the team and launched the strategies.

 

AMP Capital's fundamental equities team has more than doubled its funds under management during the last three years from A$3.2 billion in 2011 to A$6.8 billion currently, the company said in a statement.

 

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