Global fund manager Zurich Scudder Investments Limited has posted new business wins of more than $1bn from the firm's UK and European institutional teams to date this year.
The figure follows mandates of up to $1.8bn in 2000 - the first full year of operation.
Mandates so far in 2001 have come from about 16 new clients and across a range of asset classes, according to the firm. Recent wins include a £70m UK equities mandate from Air Canada's UK pension fund in April and the retention of an undisclosed US equity mandate from the CHF36bn Swiss Pensionskasse des Bundes earlier this month.
Stephen Cohen, head of institutional business development said the wins resulted from ZSIL’s “proprietary research and risk control processes”.
“As the year has progressed, an increasing number of consultants have put our name forward for a variety of appointments. Our broad range of capabilities, the stability of our fund management team and our investment performance have made us increasingly hard to ignore,” he added.
ZSI has a total of $370bn under management worldwide.
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