Aikya Investment Management, a recently formed Pinnacle affiliate, has signed its first institutional mandate with legalsuper.
Aikya, based in the UK, has secured a $170 million emerging markets mandate with the fund, after it was first established in March.
Aikya portfolio manager Ashish Swarup commented: “We are pleased to be partnering with a forward-thinking Australian superannuation fund, with a sound reputation for investment acumen and responsible investing.”
The firm has promised a focus on stewardship and ESG factors, promising member funds will not flow into coal, gambling, tobacco or arms manufacturers.
Wes Campbell, Pinnacle Investment Management director, institutional distribution, added: “Aikya’s experienced investment team is a global leader when it comes to emerging markets and after just a few months since coming together as Pinnacle’s 16th investment boutique we are delighted to secure this major mandate.”
Aikya is majority owned by its investment team, with minority ownership held by Pinnacle.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
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