5 October 2009
Bennelong Australian Equity Partners (BAEP) has been appointment to manage AMP Capital Investors' Future Directions Australian Share Fund's Australian equities mandate. BAEP will manage 14 per cent of the Fund's portfolio.
Bennelong joins AMP Capital Investors, BlackRock, Ausbil Dexia, JF Capital Partners, Platypus Asset Management and Tyndall Asset Managementinthe manager line-up.
Paul Cuddy, Chief Executive Officer of Bennelong Australian Equity Partners, said "We are delighted to have won this mandate and look forward to working with AMP Capital Investors".
Sean Henaghan, AMP Capital Investors' Investment Director, International and Future Directions, said "We are looking forward to working with Bennelong, as they are business with strong alignment and a quality team that has a history of working together."
Bennelong Australian Equity Partners is a boutique investment manager established in July 2008 as a joint venture between Paul Cuddy, Mark East and Bennelong Funds Management.