Frank Russell adds two to multi-manager complex
IRELAND/UK – Washington-based investment services firm, Frank Russell Company, has appointed two new managers to its150+ Dublin-domiciled multi-manager investment funds.
New York based Goldman Sachs Asset Management (GSAM) will look after the market-oriented assignments in the $104m (€106m) FRIC and $363m (€370m) MSMM US small cap equity funds.
Edinburgh-based Martin Currie was hired to manage the market-oriented assignments in the $770m (€784m) FRIC and $337m (€343m) MSMM Japanese equity funds.
Frank Russell says it hired GSAM because of the strict risk parameters it uses and Martin Currie because of its “extensive” experience in the Japanese market.
GSAM joins six other managers in both the FRIC and MSMM funds whilst Martin Currie complements a roster that includes three other managers in each fund.
Frank Russell currently manages over €80bn in asset worldwide, of which €16bn is managed from its European offices in Amsterdam, Geneva, London and Paris.