RCM awarded £210 million mandate by Hertfordshire County Council
RCM, the specialist global equity company within Allianz Global Investors, has been appointed by Hertfordshire County Council to run a global equity mandate valued at £210 million. The mandate will be managed by RCM's Global Equity team in London, which is led by Lucy MacDonald, Chief Investment Officer for Global Equities.
RCM is one of three new global equity investment managers on the contract, which totals £600 million. Hertfordshire County Council also retained one of their previous global equity managers.
Roger Miners, Head of Institutional Business Development & Client Service, RCM, comments:
“We are delighted to have been given the opportunity to work in partnership with Hertfordshire County Council in meeting their investment objectives and that we continue to deepen our penetration into the local authority market. Global Equity is a flagship product for RCM and assets managed by the team have risen to £5.9bn1.”
RCM’s global research platform works in tandem with its proprietary Grassroots® Network who apply innovative market research techniques to identify stock- and sector-specific trends. Central to the investment philosophy and process underpinning this product is the belief that global fundamental research and Grassroots® researchers based in local markets can provide RCM with an information advantage which in turn provides superior long-term performance for its clients. RCM’s research platform uses sophisticated proprietary tools to ensure analyst recommendations are communicated in real-time to fund managers who are responsible for portfolio construction.
RCM’s Global Equity strategy comprises an integrated portfolio of what it believes are the best stocks in the world, selected on a bottom-up basis. At RCM research and portfolio management are separate but equally ranking career paths, with research analysts organised by sector on a global basis. This reflects the belief that in the global economy investment opportunities do not stop at national borders.
Since its pioneering launch 5 years ago, RCM’s Global High Alpha strategy has been one of RCM’s most successful products in terms of performance2, assets raised and consultant recognition. The appointment by Hertfordshire County Council follows other recent new mandates won by RCM and with steady and sustained growth in assets, RCM’s global equity assets have now risen from AUM of £3.0bn as at 31 December 2006 to £5.9bn1 as at 3 June 2008.
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Notes to Editors:
1 – Source: RCM (UK) Ltd as at 03.06.08
2 – Global Equity High Alpha Performance, to 30.04.08.
Source: RCM (UK) Ltd., to 30.04.08. Performance data provided is total return for the Global Equity High Alpha Composite. Performance is shown in USD and presented gross of fees. Benchmark is the MSCI World Index (net), USD. The Global Equity High Alpha Composite strategy aims to achieve capital growth principally through investment in international equity markets including the UK through a more concentrated portfolio of stocks. RCM (UK) Ltd claims compliance with the Global Investment Performance Standards (GIPS®). To receive a complete list and description of RCM (UK) Ltd’s composites and/or a presentation that adheres to the GIPS® standards, please call +44 (0) 20 7859 9000, or write to RCM (UK) Ltd, 155 Bishopsgate, London EC2M 3AD.
Past performance is not a reliable indicator of future performance. You should not make any assumptions on the future on the basis of performance information. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation and anyone who acts on it, or changes their opinion thereon, does so entirely at their own risk. The opinions expressed are based on information which we believe to be accurate and reliable, however, these opinions may change without notice.
Issued by RCM (UK) Ltd. Registered office: 155 Bishopsgate, London, EC2M 3AD. Telephone +44 (0) 20 7859 9000. Registered in England No. 2014586. Member of Allianz SE. RCM (UK) Ltd. is authorised and regulated by the Financial Services Authority (“FSA”). The FSA’s address is 25 The North Colonnade, Canary Wharf, London, E14 5HS. FSA Registration: 122219.
