• Subscribe
  • Twitter
  • RSS Feed

  • Home
  • News
  • Subscribe
  • About
  • Advertise
  • Contact
You are here: Home / Investment News / AMP Capital funds Alphinity mandate with own money

AMP Capital funds Alphinity mandate with own money

September 13, 2015

Johan Carlberg: Alphinity principal

Johan Carlberg: Alphinity principal

AMP Capital has given a big leg-up to the Australian equities boutique Alphinity Investment Management through its Future Directions fund’s $2 billion domestic shares allocation. It has redeemed the mandate with its own fundamental long/short fund, following some staff moves, to fund the Alphinity mandate.

The AMP Capital Multi-Asset Group manages money across the spectrum of global asset classes in a best-of-breed process, recently reviewed the Australian equities component, with assistance from the inhouse advice research team.

A spokesperson said this followed some personnel departures among the AMP Capital long/short Australian equities team, whose mandate had been reallocated to Alphinity.

“We have known Alphinity’s investment team for many years and we hold their investment approach in good regard,” the spokesperson said.

The Australian equities component of the fund has retained Fidelity, Ironbark Karara, Schroders and Perennial Value for the active domestic shares allocation alongside the new mandate.

Alphinity is a value-oriented boutique which has five key managers led by portfolio manager and principal Johan Carlberg. The others are Bruce Smith, Stephane Andre, Andrew Martin and Shane Kelly. The team all worked together at AllianceBernstein prior to forming their own business in 2010. They won the Money Management/Lonsec fund manager of the year award just a year later.

The main Australian shares fund has averaged a return of 9.2 per cent, compared with the benchmark 7.9 per cent, since inception in July 2010. The firm’s concentrated and ESG funds and strategies based on the same process have also outperformed the benchmark in that time.

 

* Greg Bright is publisher of Investor Strategy News (Australia)

 

 

Twitter0
LinkedIn0
Google+0
Facebook0

Read More » Investment News

Done reading? Why Not Subscribe? To receive a weekly email with the latest investment news, enter your email address here.

Related Articles:

  • Internal investment growth to see NZ Super add 10 staff…
  • Adminis adds custody to meet big demand from small-to-medium market
  • Global custodian wraps ESG data in new client tool
  • Kerr takes Workplace wheel for one last spin
  • Kings of KiwiSaver: 10th anniversary report now available

WEEKLY NEWSLETTER

Sign up here to receive our weekly newsletter.
Learn More »

Recent News

  • SuperLife to reboot products as NZX flags platform hopes, FundSource write-down
  • WTW to run ruler over NZ Super
  • Adviser numbers plummet at AMP
  • Disclose gets sorted
  • Mercer refreshes; JMI Wealth adds star AMP adviser
  • Industry climate change: why 2019 will be the hottest year on record for NZ financial services
  • Managers look to fill the gap in private credit
  • Global investors want more from companies on ESG, executive pay
  • Link proves the benefit of diversification
  • Global asset manager-led consortium takes half of Pathfinder

Recent News

  • SuperLife to reboot products as NZX flags platform hopes, FundSource write-down
  • WTW to run ruler over NZ Super
  • Adviser numbers plummet at AMP
  • Disclose gets sorted
  • Mercer refreshes; JMI Wealth adds star AMP adviser
  • Industry climate change: why 2019 will be the hottest year on record for NZ financial services
  • Managers look to fill the gap in private credit
  • Global investors want more from companies on ESG, executive pay
  • Link proves the benefit of diversification
  • Global asset manager-led consortium takes half of Pathfinder

Copyright ©2019 InvestmentNews.co.nz · All Rights Reserved · Terms & Conditions