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Nikko hands $175m mandate to AMP Capital
AMP Capital announced it has won a $175 million mandate from Nikko Asset Management Australia to look after a concentrated equity portfolio.
AMP Capital's co-head of Australian fundamental equities Gian Pandit will manage the mandate, and will apply the concentrated equity strategy run by the firm's fundamental equities team.
"The portfolio is actively managed under an unconstrained framework to take advantage of all market opportunities as they arise," Pandit said.
The strategy involves investing in limited companies with underrated earnings potential.
The funds awarded by Nikko Asset Management Australia are part of its multi manager and portfolio solutions business, which has $28 billion of assets under management.
Pandit said the concentrated equity strategy matches Nikko's goal of creating value by sourcing alphas that are lowly-correlated.
He said the approach includes rotating between value and growth companies at the right time in the cycle.
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