AMP Allocates $2.8B To New Fund Managers

AMP Capital has expanded its $5 billion Enhanced Index International Shares Fund by re-committing $2.8 billion to two new managers.

AMP Capital has expanded its $5 billion Enhanced Index International Shares Fund by re-committing $2.8 billion to two new managers, Financial Standard reports. As part of the move, AQR Capital Management has been given $1.6 billion, while Enhanced Investment Technologies has been awarded $1.2 billion.

Previously, the complete amount was managed by Henderson Global Investors. AMP has also selected New York-based Epoch Investment Partners for a $800 million mandate.

Click here for the story from Financial Times.