Netwealth awards $400m mandate

Netwealth awards $400m mandate

Platform provider Netwealth has announced a new fund manager for its actively managed diversified funds.


Russell Investments will take control of $400 million within Netwwealth's Global Specialist Series, with the transition expected to be finished in August 2016.

Netwealth joint managing director Matt Heine described the collaboration as a “compelling proposition” given Russell Investments' extensive “multi-asset expertise”.

“With today’s low returns and high volatility environment, we believe Russell Investments’ dynamic approach to investing will help our investors weather these market conditions and provide them with a greater chance of meeting their long-term goals,” Mr Heine said.

Russell Investments' managing director of private client services, Siva Sivakumaran, said the company is pleased to have been chosen to manage the funds, which currently have more than $400 million in assets.

“Russell Investments was delighted to be selected by Netwealth in this highly competitive environment,” Mr Sivakumaran said.

Read more:

Short the UK banks, says Martin Currie

Inflation 'complacency' a risk: Ardea IM

BNP Paribas launches ESG tool

Bravura wins LGIAsuper contract

Election limbo won't hurt AAA rating: Moody's

 

 

Netwealth awards $400m mandate
investordaily image
ID logo
promoted stories

Appointments

investordaily image

Fortnum hires former Centric Wealth CEO

Staff Reporter

Deborah Ralston

SMSF Association names new chair

Katarina Taurian

Curtis Cifuentes

Avenir Capital hires investment director

Staff Reporter

Analysis

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton

Greg Kuhnert

Backing China in the Year of the Dog

Greg Kuhert

investordaily image

The benefits of good data governance

Steve Singer