Boutique Australian equities manager Sigma Funds Management has been awarded a $100 million mandate for its small companies strategy by an unnamed multi-billion-dollar super fund.
"This new mandate adds to Sigma's existing funds across a range of large-cap and small-cap Australian equity strategies, and comes after Sigma partnered with Pinnacle Investment Management in late 2011," the firm said.
Sigma has also expanded its team with the hire of Sanjay Kumar, who has been appointed to the role of equities dealer.
Kumar joined from ING Investment Management, where he oversaw trading for more than $12 billion in Australian equities.
He is no stranger to Sigma. At ING he worked with two of Sigma's founding partners, Issam Eid and Rajeev Desilva.
"We are delighted with Sanjay's appointment, which comes soon after a significant mandate win," Sigma founder and director Stephen Giubin said.
"We have known Sanjay for a long time and believe he's an ideal complement to our investment team. He has significant experience in trading with substantial FUM (funds under management), which positions us very well to manage large mandate sizes."
Sigma was established in 2009 by six former Credit Suisse Asset Management investment professionals.
