EUROPE/US - Frank Russell Company has hired Jacobs Levy Equity Management to run a portion of its US$105m multi-manager US small cap equity fund.
Jacobs Levy joins five other managers in the fund, which is marketed to Continental European investors.

“As a sophisticated quantitative manager, Jacobs Levy uses its deep research resources and strong professional staff to exploit investor behaviours that lead to securities mis-pricings,” says Eric Ogard, portfolio manager at Frank Russell.

This is the fourth small cap assignment for the Roseland, New Jersey, based manager with Frank Russell. Jacobs Levy, established in 1986, has more than US$8bn assets under management.
Frank Russell manages about US$66bn in assets, with around US$12bn managed from Europe.