The long-only mandate marks a "significant endorsement" for the WaveStone Capital long-only investment strategy, said the boutique fund manager in a statement.
WaveStone has been managing a long-only portfolio for wholesale investors since 2007.
The mandate also reflects a major milestone for the business and testament to its strong performance, said WaveStone portfolio managers, Graeme Burke, Raaz Bhuyan and Catherine Allfrey.
“This win represents a new phase of growth for WaveStone Capital, as we look to continue growing our footprint in the Australian institutional investment market,” said the statement.
WaveStone, which was founded in 2006, boasts of deep experience and investment capabilities.
Last year, Mr Bhuyan joined the team as a fellow principal and portfolio manager with more than a decade’s Australian equities experience, according to the statement.
WaveStone Capital is part of Fidante Partners, the boutique funds arm of Challenger.
