JANA Investment Advisers hired Causeway Capital Management to manage A$385 million (US$358 million) in global value equities, a JANA spokeswoman said.
The allocation was through the A$28 billion implemented consulting arm of JANA, Australia's largest investment consultant.
Causeway CEO Sarah Ketterer said in a news release that this is the firm's sixth institutional client in Australia, with the latest allocation lifting Causeway's combined assets under management for those clients to US$2.5 billion. Causeway Capital's total AUM is roughly US$30 billion, according to the news release.
