WaveStone Capital has won its first institutional mandate with global investment consultant, Mercer.
The boutique Australian equities investment manager's portfolio managers, Graeme Burke, Raaz Bhuyan, and Catherine Allfrey, said the long-only mandate is a major milestone for the business and a testament to its strong performance.
"This win represents a new phase of growth for WaveStone Capital as we look to continue growing our footprint in the Australian institutional investment market," they said.
WaveStone is part of Fidante Partners, the boutique arm of Challenger, and has been managing a long-only portfolio for wholesale investors since 2007.
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