Ralton AM receives IOOF mandate
Boutique Australian equities manager, Ralton Asset Management, has been awarded an institutional mandate to manage IOOF's large-cap Australian equities.
The mandate would allow Ralton to manage a concentrated portfolio of Australian shares within the Standard and Poors/Australian Stock Exchange 300 (S&P/ASX 300) Accumulation Index.
IOOF portfolio manager, Dan Farmer, said: "Ralton has a solid track record of generating strong, long-term returns for investors with a keen focus on delivering tax-effective income".
Ralton's flagship Australian equities portfolio delivered 3.13 per cent over one year, 5.20 per cent per annum over three years and 3.50 per cent per annum over five years, as at 31 March 2016, Copia Investment Partners said.
"We are delighted to work with Andrew Stanley [Ralton's head of Australian equities] and his team and have them join our list of high caliber investment managers in our Multi-Mix line-up," Farmer said.
Copia Investment Partners chief executive, Sam Baillieu, said: "For Ralton, the mandate validates the strength of their investment team and consistency of performance over a long period".
Ralton used a value-oriented investment approach and managed long-only Australian equities portfolios on behalf of retail and institution investors, Copia said.
Recommended for you
Investment executives say the benefits of real assets for client portfolios can “absolutely” outweigh the illiquidity risk, provided there is a good understanding of its risks and returns and of client goals.
Fund manager GSFM has appointed a key account manager for Queensland, following the appointment of a head of retail distribution last month.
The struggle to recruit specialist expertise in alternative asset classes means senior analyst salaries are surpassing $200,000 as fund managers compete for talent, observes Kaizen Recruitment.
TWC Investment Management, which launched in September, has unveiled a long-only equity fund targeting global wealth creator stocks.
