Aikya Investment Management secures first institutional mandate

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Aikya Investment Management (Aikya) is pleased to announce the signing of an Emerging Markets investment mandate with legalsuper.

The A$170m mandate to the Aikya Global Emerging Markets Strategy is the first secured by the UK-based investment boutique after being established by a team of highly experienced Emerging Markets investors in March 2020.

Aikya is an affiliate of Pinnacle Investment Management Group Limited (ASX:PNI) (Pinnacle). Pinnacle is a minority equity partner and provides distribution services and other non-investment support functions.

Aikya Portfolio Manager, Ashish Swarup, said the appointment demonstrates a high degree of confidence in Aikya’s well-established Emerging Markets investment processes.

“We are pleased to be partnering with a forward-thinking Australian superannuation fund, with a sound reputation for investment acumen and responsible investing,” said Mr Swarup.

“We follow a disciplined investment process that focuses on identifying businesses with the highest quality of stewardship, which requires deep understanding of the various jurisdictions where we invest. The team has many years’ experience investing in emerging markets, having worked together through previous market cycles.”

Pinnacle Investment Management Director, Institutional Distribution, Wes Campbell, also commented on the appointment.

“Aikya’s experienced investment team is a global leader when it comes to Emerging Markets and after just a few months since coming together as Pinnacle’s sixteenth investment boutique we are delighted to secure this major mandate,” said Mr Campbell.

“Importantly, legalsuper members can rest assured Aikya’s intensive focus on stewardship and ESG factors means funds will not flow into companies with negative social utility such as coal, gambling, tobacco and arms manufacturers.”

Legalsuper CIO, Norman Zhang, said: “legalsuper’s scale and agility allow us to pursue truly innovative investment opportunities and Aikya aligns well with this strategy. We are confident in their capability to protect capital and deliver healthy long term returns from socially responsible businesses in this asset class.”

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