RPMI Railpen awards Russell proprietary factor mandate

Russell Investments has been appointed to manage a large “stable momentum” mandate, totalling £700 million (€831 million) in size, for RPMI Railpen. The proprietary systematic strategy was designed in collaboration with Railpen’s investment team, and draws upon Russell Investments’ research into both single and multi-factor investing. The portfolio has been designed to mitigate the severity of momentum crashes, by looking beyond 12-month returns and identifying stocks that have delivered strong returns with high levels of consistency. By identifying companies with consistently strong performance patterns it increases the likelihood of the returns persisting in the future, Russell says. Pascal Duval, Europe, Middle East and Africa chief executive at Russell Investments, said the firm believes factor investment portfolios can complement actively managed multi-asset, multi-manager portfolios, as prevalent levels of volatility in markets require. As of March 31, 2016, the firm managed £28 billion in rules-based investment strategies, representing 16% of its total assets under management. ©2016 funds europe

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.