UK/ASIA PACIFIC - Northern Trust's multi-manager business in the UK has appointed Singapore-based APS Asset Management (APS) to manage the Pacific Basin ex-Japan segment of the Northern Trust Multi-Manager Pooled Funds (NTMF) Pacific Basin section.
APS has been chosen as it has a strong team with 20 years of experience with an in-depth local knowledge of companies and markets in the region. Other managers within the NTMF fund are Henderson Global Investors and Credit Suisse Asset Management which manage the Japanese segment.
Michael Kinney, director of research for multi-manager products said: APS has an excellent track record in the region and benefits from offering its own company research facilities. We were impressed with APS's style as a fundamental bottom-up stock picker with a leaning towards mid-cap and smaller companies as this fits well with the existing managers in the region.
By Luke Clancy
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