DENMARK - The Scandinavian Fund Company (Investeringsforeningen Lån og Spar Rationel Invest) has awarded Baring Asset Management (BAM) three new segregated equity mandates.
BAM already runs a US equity mandate for the company which is listed on the Danish Stock Exchange.
These new wins bring the total mandate value to approximately US$47 million, with global (US$20m), European (US$18m), technology (US$5m) and US (US$4m) portfolios invested in pooled vehicles.
BAM’s brief is to outperform benchmarks by 2% over a rolling 3 years period. The benchmarks are the MSCI World, MSCI Europe, S&P 500 and MSCI World Technology, respectively.
Per Hollesen, managing director of Investeringsforeningen Lån og Spar Rationel Invest, said: “Following an extensive selection process, we decided to appoint Baring Asset Management based on its investment philosophy and specialist equity capabilities.
“We have been impressed with the fund manager’s performance and commitment to client relationships in managing our US equity portfolio, and look forward to working with the team on the new mandates.”
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