Dresdner RCM wins £30m cash brief

UK - Medway Council has awarded a UK short-term cash mandate of £30m (e49m) to Dresdner RCM Global Investors. Dresdner’s local authority cash management team will manage the mandate and will evaluate performance relative to the weekly compounded local authority 7-day deposit rate.

According to Mark Archer, head of institutional business development, Dresdner RCM manages funds for 48 local authority clients with assets totalling £1bn. Archer says Dresdner’s cash management mandates have outperformed the local authority benchmark over one, three and five years.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2420

    Asset class: Equity.
    Asset region: USA.
    Size: Medium term USD 100 million – USD 200 million, long term USD 400 million.
    Closing date: 2018-03-19.

  • DS-2421

    Closing date: 2018-03-27.

  • QN-2422

    Asset class: Fixed Income.
    Asset region: Global emerging markets.
    Size: $125m.
    Closing date: 2018-03-21.

Begin Your Search Here