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BT Investment Wins Advance AM Mandate

Advance Asset Management has appointed BT Investment Management to manage a Australian property sector mandate.

Advance Asset Management (AAM) has appointed BT Investment Management (BTIM) to manage a Australian property sector mandate, Financial Standard reports. BTIM has been awarded a mandate of $61.5 million.

AAM started searching for a new Australian property manager after becoming uncomfortable with a change of personnel and structure at previous investment manager Macarthur Cook. Advanced Asset, which has $11.5 billion worth of funds under management, is seeking to appoint new managers for its multi-manager team.

Click here for the story from Financial Standard.

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