Bank of New York Mellon’s Australian equities boutique, Ankura Capital, has picked up an Australian equities mandate for Russell Investments as part of its newly-launched Australian Shares Enhanced Income Fund.
The mandate is the second won by Ankura as part of its Australian Equity High Yield strategy, with the boutique previously having been selected within ipac’s AXA Generator.
Commenting on the mandate win, BNY Mellon Asset Management Australia managing director Bruce Murphy said it marked a particularly strong year for Ankura across both traditional long-only and high yield strategies.
Ankura chief investment officer Greg Vaughan said the fund’s strategy had been developed to recognise both the increase in demand for income focused strategies and as a response to a lower growth investment environment.
