RCM awarded US$70m Global Equity mandate by Arcus
RCM, the specialist global equity company within Allianz Global Investors, has been appointed by Arcus Investment Management (a subsidiary of AXA New Zealand) to run a US$70m Global Equity mandate. The mandate will be managed by RCM's Global Equity team in London, which is led by Lucy Macdonald, Chief Investment Officer for Global Equities.
Roger Miners, Head of Institutional Business Development & Client Service, RCM, comments:
“We are pleased to have received further external recognition of our equity capabilities. We are particularly proud of our credentials in Global Equities and believe that the global and local resources at the disposal of the Global Equity team make RCM an industry leader. We now have more than £5.2 billion in Global Equity assets1 and the depth of our global fundamental research platform and our Grassroots® Research network, all help RCM provide superior long-term performance to our Global Equity clients2.”
“Of particular significance is that this mandate win further demonstrates our commitment to building upon RCM’s franchise in New Zealand and Australia following the appointment of RCM to manage a US$300m mandate by AMP last year. “
RCM’s Global Equity strategy comprises of an integrated portfolio of the best stocks in the world, selected on a bottom-up basis. At RCM research and portfolio management are separate but equally ranking career paths, with research analysts organised by sector on a global basis. This reflects the belief that in the global economy investment opportunities do not stop at national borders. RCM’s global research platform works in tandem with its proprietary Grassroots® Network who apply innovative market research techniques to identify stock- and sector-specific trends. Using sophisticated proprietary tools, analyst recommendations are communicated in real-time to fund managers who are responsible for portfolio construction.
RCM’s appointment by Arcus follows steady and sustained growth in assets, with RCM’s Global High Alpha strategy rising from AUM of £3.0bn as at 31 December 2006 to £5.2bn as at 31 December 2007.
Matthew Goldsack, Head of Research at Arcus, said:
“RCM’s stock selection focuses on companies that can demonstrate quality and growth prospects at an appropriate valuation. Led by CIO for Global Equities Lucy Macdonald, RCM’s Global Equity High Alpha team stood out amongst the short-listed managers and provides a complementary style to the existing stable of managers when combined in a diversified portfolio. Having a dedicated high conviction manager in our stable will allow us to take greater advantage of investment opportunities as they arise.”
- ENDS -
Notes to Editors:
1 – Source: RCM (UK) Ltd as at 31.12.07.
2 – Global Equity High Alpha Performance, to 31.01.08.
1 year: RCM Global Equity High Alpha 8.62%, Benchmark -0.47%, Relative return 9.09%
2 years p.a.: RCM Global Equity High Alpha 11.83%, Benchmark 7.58%, Relative return 4.25%
3 years p.a.: RCM Global Equity High Alpha 16.88%, Benchmark 10.64%,Relative return 6.24%
Source: RCM (UK) Ltd., to 31.01.08. Performance data provided is total return for the Global Equity High Alpha Composite. Performance is shown in USD and presented gross of fees. Benchmark is the MSCI World Index (net), USD. The Global Equity High Alpha Composite strategy aims to achieve capital growth principally through investment in international equity markets including the UK through a more concentrated portfolio of stocks. RCM (UK) Ltd claims compliance with the Global Investment Performance Standards (GIPS®). To receive a complete list and description of RCM (UK) Ltd’s composites and/or a presentation that adheres to the GIPS® standards, please call +44 (0) 20 78 59 90 00, or write to RCM (UK) Ltd, 155 Bishopsgate, London EC2M 3AD.
Past performance is not a reliable indicator of future performance. You should not make any assumptions on the future on the basis of performance information. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
About Arcus
Arcus, a subsidiary of AXA New Zealand, manages over $5 billion on behalf of clients including Spicers Portfolio Management, New Zealand Financial Planning, AXA Wealth Management and AXA KiwiSaver.
The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation and anyone who acts on it, or changes their opinion thereon, does so entirely at their own risk. The opinions expressed are based on information which we believe to be accurate and reliable, however, these opinions may change without notice.
Issued by RCM (UK) Ltd. Registered office: 155 Bishopsgate, London, EC2M 3AD. Telephone +44 (0) 20 7859 9000. Registered in England No. 2014586. Member of Allianz SE. RCM (UK) Ltd. is authorised and regulated by the Financial Services Authority (“FSA”). The FSA’s address is 25 The North Colonnade, Canary Wharf, London, E14 5HS. FSA Registration: 122219.
