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Mediolanum makes €1bn investment into specialist boutiques

mediolanumIrish asset manager Mediolanum International Funds has invested over €1 billion in European boutique investment firms.

The three equity mandates will see the investment shared between RWC, Intermede and Cadence within Mediolanum’s multi-manager range.

Mediolanum will provide the three firms with access to its distribution platform in Italy, Spain and Germany. 

The agreement with Edinburgh-based Cadence Investment Partners will see Mediolanum allocating €130 million in the firm’s flagship Asia strategy, while €700 million will go to London-based Intermede’s global equity strategy via a sub-advisory mandate.

The firm is also allocating around €300 million into RWC Partners, investing €60 million in their emerging markets strategy and seeding a mandate of €240 million euro in its new Global Equity Income Strategy managed by a team who recently joined RWC.

Furio Pietribiasi, CEO of Mediolanum International Funds Limited, said: “Our objective remains clear. We want at least one third of all our assets managed externally, around €10 billion, to be allocated to boutique managers within the next five years.”

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