Arcus Investment Management appointed RCM to subadvise a US$70 million active global large-cap growth equity portfolio, confirmed Matthew Goldsack, head of research at Arcus, in an e-mail. Arcus, a New Zealand manager and subsidiary of AXA New Zealand, has more than US$5 billion in assets under management, including US$1.8 billion in global equity assets, Mr. Goldsack said. RCM was hired because its “stock selection focuses on companies that can demonstrate quality and growth prospects at an appropriate valuation,” said Mr. Goldsack in a news release. “RCM’s Global Equity High Alpha team stood out amongst the short-listed managers and provides a complementary style to the existing stable of managers when combined in a diversified portfolio.”
Mercer Investment Consulting assisted.
