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OptiMix replaces Plato

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ING Australia multi-manager OptiMix has replaced Plato Investment Management with Arnhem Investment Management in its Australian equities portfolio.

Arnhem Investment Management, previously known as Fortis Investment Partners, has been given an undisclosed mandate for its 130/30 strategy.

"The OptiMix Australian equities team believes that companies operating within well-structured industries are more likely to deliver superior earnings growth and return on equity attributes as economic uncertainty rises over the next few years,", ING Investment Management multi-strategies group chief investment officer Emmanuel Calligeris said.

"Arnhem's unique fundamental-based, long-short strategy captures these attributes in a highly-effective way, taking a long position in companies that have a high probability of achieving the growth attributes, while shorting those companies likely to underachieve or have structurally-impaired business models."