Certitude Global Investors has won three new investment mandates totalling $120 million into three of its international investment funds.
Columbia Credit Fund, Lighthouse Partners Global Long/Short Fund and Certitude Asian Opportunities were awarded $60 million, $45 million and $15 million respectively, the investment manager stated.
Certitude chief executive Craig Mowll said the mandates came from a large family office, a high net worth boutique deal group and a large trustee and multi-manager.
"Given the current challenging investment climate, the wins provide further proof that our investment partners and products are well suited for the changing investor environment," he said.
He said the wins also demonstrated Australians' desire for active global fund managers who offer investment opportunities spanning major industry sectors and geographic regions of the world.
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.