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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.
