HOSTPLUS and IOOF award new mandates

16 August 2011
| By Tim Stewart |
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Fund manager Neuberger Berman Australia (NBA) has continued its expansion into the Australian market with two new mandates from HOSTPLUS and IOOF.

HOSTPLUS awarded a $90 million emerging markets mandate to NBA, and IOOF gave the fund manager a $200 million mandate in global equities.

NBA first ventured into the Australian market by winning a $100 million global tactical asset allocation mandate from Colonial First State.

NBA senior vice president Lucas Rooney said that Australian institutions had shown a high level on interest in NBA's global equities capabilities, including emerging markets.

"Our strategies give client portfolios access to a much broader range of companies than many managers because of the specific orientation of our research work, our investment process, and our teams' particular beliefs," Rooney said.

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