AMP Capital has won an A$177 million fixed income mandate from Advance, a specialist asset management business with BT Financial Group.
The mandate will form part of the Advance Australian Fixed Interest Multi-Blend Fund.
The Advance mandate will be managed by AMP Capital’s Head of Macro Markets Simon Warner in conjunction with the broader fixed income team.
“AMP Capital worked with Advance to design a core Australian bond mandate specifically tailored to their requirements,” Mr Warner said.
“Advance will benefit from our world-class credit capability as well as our unique whole of portfolio approach to risk management, and our unrivalled access to research across the major regions of the Asia Pacific, Europe and North America.
“This significant mandate win is an endorsement of the quality of the team, the breadth of process and the portfolio management offering we have developed over the past few years,” Mr Warner concluded.
With over 30 years’ experience, AMP Capital is a leading fixed income manager boasting one of the largest teams in Australia with 23 investment professionals covering the entire fixed income spectrum across corporate and sovereign bonds, cash, currency and derivatives.
AMP Capital’s fixed income funds under management have risen to A$39 billion.
10 July 2012
