NORTHERN TRUST CORPORATION: Northern Trust Asset Management and MFG Asset Management Announce Strategic Partnership for Japan
Northern Trust Corporation issued the following announcement on March 6.
Northern Trust Asset Management, one of the world’s leading investment managers, has named Magellan Asset Management Limited, doing business as MFG Asset Management (“MFG Asset Management”), as a sub-adviser to the recently launched Anchor MFG Global Equity Fund. This strategic partnership will provide institutional investors in Japan with exclusive access to Magellan’s global equity strategy, the Magellan Global Plus Strategy.
With more than US$100 billion of assets under management (AUM) in multi-manager investment solutions, Northern Trust Asset Management is a global outsourced chief investment officer (OCIO) leader in sourcing investment managers who exhibit innovative investment ideas to serve the evolving needs of global investors. Its robust multi-manager offering complements the firm’s suite of quantitative, multi-asset and liquidity strategies. “We are pleased to partner with MFG Asset Management to introduce this world-class investment strategy to the Japanese market,” said Keishi Yamamoto, head of Northern Trust Asset Management in Japan. “This long-term strategy, which can serve as a cornerstone portfolio allocation, is in-line with the attitudes to long-term investments here in Japan.” MFG Asset Management, a Sydney-based investment management boutique with more than US$50bn in AUM, as of December 31, 2018, specializes in global equity and listed-infrastructure strategies.
“We are delighted to be partnering with Northern Trust to bring our global equity strategy to Japanese investors,” said Hamish Douglass, chairman and chief investment officer at MFG Asset Management. “Their long-term commitment and broad relationships, coupled with our firms’ shared focus on delivering competitive risk-adjusted returns, present investors with a new opportunity to participate in a range of market cycles – and potentially protect capital in adverse market environments.”
MFG Asset Management’s global equity strategies have a proven investment process that integrates fundamental stock and industry research, broad and detailed macroeconomic insights and rigorous portfolio construction. The strategy seeks to minimize the risk of permanent capital loss or capital preservation in adverse markets, with a goal to achieve attractive risk-adjusted investment returns over the medium to long-term.
Northern Trust Asset Management has been serving the Japanese market since 2003, providing multi-asset class investment management and advisory services to pensions, financial institutions and financial intermediaries. Its Japanese office forms part of Northern Trust’s network of offices across Asia-Pacific, in Australia, China, Hong Kong, India, Japan, the Philippines, Singapore and South Korea, from which the company offers a comprehensive range of asset servicing and asset management solutions.
Original source: https://m.northerntrust.com/news-financial-statement/press-release?c=bbe3598083b6915c5b108b2eb26066a7