Acadian Australia, a wholly-owned subsidiary of Boston-based parent company Acadian Asset Management, oversaw $1.7 billion as at the end of February across a suite of long-only, long/short, managed volatility and market neutral strategies.
IOOF portfolio manager for Australian equities Dan Farmer said the mandate would enhance the IOOF Balanced Investor Trust via an actively managed strategy.
“We see active management of Australian small companies as a key source of value add in Australian equities and are excited to have a manager with the resourcing and rigour of Acadian to fill this role for us and deliver strong returns to our clients,” Mr Farmer said.
Commenting on the mandate win, David Walsh, Acadian Australia’s head of investments said, “We are delighted to be given the opportunity to work with IOOF to manage a dedicated Australian equity small cap portfolio as part of IOOF’s newly launched MySuper option.”
“Small caps play an important role across all of Acadian Australia’s equity strategies and that the systematic approach that is employed to manage small cap portfolios aims to provide attractive and consistent total risk-adjusted returns for investors.”
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