Mediolanum International Funds (MIF) has allocated €500m across three new asset management partners as part of its multi-manager strategy.
New York-based Pzena Investment Management will receive €220m for its global value strategy, which is benchmark agnostic and will typically hold 60 stocks in total, while MIF has handed a further €220m to Mondrian Investment Partners for its Global Equity strategy. Mondarian's 35 to 50 stock strategy is also value oriented and invests in listed global equity securities in developed countries via a dividend methodology whereby valuations are based on anticipating future dividends, discounting the value of those dividends back to their present value. A further €70m has been allocated to...
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