1 September 2008
The initial size of the mandate is £80million. The mandate will be invested in-line with FOUR’s Active UK Equity strategy. FOUR’s Active strategy invests in 40 to 60 holdings on a bottom-up basis and has comfortably exceeded the FTSE All Share Index since its launch in April 2007.
Derrick Dunne, a partner of FOUR, said “It is very pleasing that a firm with the reputation and integrity of Russell has chosen to appoint FOUR. The research and due-diligence process was very thorough. We are looking forward to a long and mutually beneficial relationship with Russell”.
Tom Carroll, a partner and senior fund manager at FOUR said “This is a great endorsement for what we have achieved to date. Whilst the strategy has done well since launch, as always, we are very focused on future performance.”