AMP Capital picks up fixed income mandate
AMP Capital has picked up a key mandate from BT Financial Group and Advance.
The company announced this week it had won a $177 million fixed income mandate from Advance.
It said the mandate would form part of the Advance Australian Fixed Interest Multi-Blend Fund.
It will be managed by AMP Capital's head of macro markets, Simon Warner, in conjunction with the company's broader fixed income team.
Commenting on the mandate win, Warner said it represented a significant breakthrough and an endorsement of the quality of the team.
"Advance will benefit from our world-class credit capability as well as our unique whole-of-portfolio approach to risk management," he said.
As a result of the mandate, AMP Capital's fixed income funds under management have risen to $39 billion.
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