IRELAND - Irish Life International Multi-Managers, an investment division of Irish Life International has appointed AXA Rosenberg Investment Management to a £20m UK equity mandate.
The Irish manager chose AXA’s UK equity fund, one of 15 sub-funds within its Equity Alpha Trust, to complement its multi-manager range.
The fund, which was launched in October 1999, is listed on the Dublin Stock Exchange. Since 1999 it has produced an annualised alpha of 2.99%.
AXA Rosenberg’s UK performance for 2000 was 1.61% against the FTSE all share index return of –5.94%.
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