Aubrey Capital Management has won a global equities mandate from big UK institutional funds manager Investor Solutions.
The mandate was awarded to the Aubrey Global Conviction Fund, which will now form part of the Investment Solutions World Equity Fund.
Investment Solutions chief investment officer Michelle McGrade said Aubrey was a boutique fund manager whose conviction-style approach would sit well within Investment Solutions' range of multi-manager funds.
"[Aubrey] has demonstrated passion and skill and [its] unconstrained approach is an attractive addition to [Investment Solutions'] World Equity Fund, alongside three other more established managers," said McGrade.
Aubrey Capital Management has also added to its board of directors, with the appointment of Treasury Group's Rob Sullivan. Aubrey Capital Management investment manager Andrew Dalrymple said Sullivan had experience with funds management distribution both in Australia and internationally.
The appointment follows on from an executive partnership Aubrey Capital Management established with Treasury Group in 2009.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.
One of Australia’s largest super funds has acquired an equity stake in the institutional investment advisory firm.
Passive investing is reshaping Australian equities, giving rise to a “no information trade” in which large-cap stocks swing sharply despite little or no fresh news.
RBA governor Michele Bullock warns of global trade risks as domestic inflation cools and employment remains near full capacity.