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H2O expands Australian presence with Mercer mandate
Mercer Investments has awarded a $100 million global sovereign and currency mandate to London-based H20 Asset Management.
H2O was sourced through Apostle Asset Management.
Apostle director of sales Richard Borysiewicz said that H2O's approach to investing was a good fit with Australian institutional investors.
"This is the third H20 mandate we have secured in Australia this year. This is an extremely important development for us, and one that we believe establishes the firm's position in the local market," Borysiewicz said.
Borysiewicz added that H2O was also attracting interest in offshore markets.
"The AUM at H20 has reached $3.1 billion in just 12 months with eight open-ended funds and 10 mandates (three of these mandates are from Australia). We look forward to announcing further investments in the coming months," he said.
Colonial First State awarded H20 a global fixed income and currency mandate of $270 million as an allocation within Colonial's FirstChoice multi-manager funds in May.
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