Perhaps the assumption that markets are still anchored by predictable economic policies needs to be challenged. For the first time since the fall of the Berlin Wall, political volatility – once background noise – is potentially reshaping investment risk at a structural level.
Despite authorities taking their foot off the environmental, social and governance pedal and recent volatility in equities and bonds, the benefits of Artificial Intelligence and improved investor transparency are just beginning.
JANA awards $385m to Causeway
(Pictured: Neil Wild)
JANA Investment Advisers has awarded a A$385 million mandate through its implemented consulting unit to Causeway Capital Management for global equities.
Causeway, which is represented in Australia by Neil Wild and Michael Dorph, is an LA-based value manager for global equities. The firm, which was established in 2001 and has total funds under management of about US$30 billion, also offers a quant-based emerging markets strategy.
The JANA deal takes Causeway’s Australian client base to six funds, with mandates for the US manager totaling A$2.5 billion.
JANA’s implemented consulting unit last year merged with that of sister company MLC. It has about $28 billion under management. The consultant also advises another 100-odd clients with assets totaling $245 billion.
