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SG Asset Management wins $350m mandates

  •  
By Christine St Anne
  •  
2 minute read

Global investment manager's Australian business wins mandates.

Investment manager SG Asset Management (Australia) has won $350 million in mandates for 2006, securing industry fund Sunsuper and multi-manager ING OptiMix among its major clients.

Sunsuper and ING OptiMix have invested in US mortgage-backed securities managed by The Trust Company of the West (TCW).

TCW is the US investment arm of the SG Asset Management group.

"The SGAM group undertakes to identify superior investment strategies relevant to the local market. For 2007, alpha-generating high-conviction strategies will continue to be the focus for our marketing efforts," SG Asset Management (Australia) director and head of business and marketing Phil Filippelis said.

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