Investment house AMP Capital has awarded an approximately $60-million mandate to boutique fund manager Fairview Equity Partners for its Future Directions Australian Small Companies Fund.
Fairview, which focuses exclusively on investing in Australian small companies equities, will manage 20 per cent of the small-cap fund, which as at December 2011 had $308 million in assets under management (AUM).
Perennial manages 40 per cent of the fund, while Eley Griffith Group and Kinetic each manage 20 per cent of the portfolio.
"We believe the addition of Fairview will enhance the fund's ability to proactively respond to changes in market themes and investor sentiment," AMP Capital multi-manager and investment solutions investment director Sean Henaghan said.
"Fairview's investment approach should also allow the fund to better capture alpha in rising markets, without compromising its defensive qualities in falling markets.
"Importantly, this appointment has also increased manager diversification within the fund and allows further room for growth of funds under management."
Fairview is owned by its staff and NabInvest. It had $183 million in AUM at 30 April 2012.
