Helsinki-based asset management group Mandatum, part of the Mandatum banking group has outsourced a Fm140m ($30m) active global equity mandate to Dresdner RCM sourced from both institutional investors and around 300-400 private clients.

Mika Ihamuotila, Mandatum's head of asset management says: This is our first international investment product, so we selected Dresdner from a shortlist of three, both for their good track record in global stock picking and their bottom up sector investment philosophy, which is similar to our own style.""