IOOF Multi-Mix awards $200m mandate to Dalton Nicol Reid

Wednesday, October 30 2013

IOOF’s multi-manager fund, IOOF MultiMix has awarded a $200m mandate to Australian equities fund manager, Dalton Nicol Reid. This is Dalton Nicol Reid’s largest Australian equities institutional mandate.

Founded in 2001, Dalton Nicol Reid’s investment philosophy is to identify, buy and hold quality companies for the medium- to long-term.

Commenting on the decision to award Dalton Nicol Reid the mandate, IOOF Portfolio Manager Australian Equities, Daniel Farmer said “Dalton Nicol Reid’s consistently strong performance over a long period, its efficient investment process focusing on quality stocks, and its relatively low, but growing funds under management were all key factors in IOOF MultiMix’s decision to award this mandate.”

He continued “The fact that the principals of Dalton Nicol Reid are personally invested in their business and their funds is another attractive feature. This level of conviction means their interests are aligned with those of our investors.”

The flagship Dalton Nicol Reid Australian Equities High Conviction Portfolio has outperformed its benchmark by 4.9%pa over 10 years. It is one of only two long-only Australian equities managers to have achieved a positive excess return in every one of the last 10 calendar years.

Commenting on the mandate win, Dalton Nicol Reid CEO, Harley Dalton, noted “Our long term business strategy has been to expand our presence in the institutional space of the investment management industry. We have been working with IOOF for some time now and are pleased to offer their investors the benefits of our investment style and performance.”

IOOF’s Farmer concluded, “Dalton Nicol Reid is a great addition to our existing IOOF MultiMix manager line-up, providing an even greater level of diversification to our investors.”

 

For more information please contact:


Contact

Christine Toll
CompanyShed Media
Emailctoll@shedmedia.com.au
Mobile0414 621163
ContactMelinda Hofman
CompanyIOOF Holdings Limited
PositionCorporate Affairs Manager
Phone(02) 9028 1054
Mobile0438 855 991

 

About Dalton Nicol Reid

Dalton Nicol Reid is an independent Australian investment management company that delivers client-focused, quality investment solutions to institutions, intermediaries and high net worth investors. The basic foundation of the business is to put clients’ needs first and provide them with an unparalleled level of service, be they institutions or individual investors.

 

About IOOF Holdings Limited

The IOOF Group is one of Australia’s largest independent providers of wealth creation product and services with offices in every state.

The Group offers the following services:

  • Wealth Management
  • Superannuation
  • Investment Management
  • Asset Management
  • Estate Planning
  • Corporate Trust

The Group’s products and services are designed to accompany the lives of approximately 650,000 Australians from wealth accumulation into retirement and across to the next generation.

At 30 September 2013, IOOF had $124.7 billion in Funds Under Management, Administration Advice, and Supervision.

IOOF operates under a variety of brands including Bridges Financial Services, Consultum Financial Advisers, Lonsdale Financial Group, My Adviser, Perennial Investment Partners Limited, Australian Executor Trustees (AET), Spectrum Super, Pursuit, Plan B Wealth Management, Wealth Builder and Ord Minnett.

IMPORTANT NOTE: This information has been prepared by DNR AFSL Pty Ltd ABN 39 118 946 400, an Australian Financial Services Licensee, Licence Number 301658. Whilst, Dalton Nicol Reid has used its best endeavours to ensure the information within this document is accurate it cannot be relied upon in any way and recipients must make their own enquiries concerning the accuracy of the information within. This document is not intended to provide you with personal advice and in providing this information, Dalton Nicol Reid has not taken into account your particular investment objectives, financial situation or needs. You should assess whether this information is appropriate for your particular needs, either by yourself or with your adviser. Dalton Nicol Reid expressly disclaims any responsibility or liability to anyone who acts or relies upon anything contained in, or omitted from, this document. Past performance is not indicative of future performance. Total returns shown are based on Dalton Nicol Reid’s model portfolio and have been calculated before taking Dalton Nicol Reid’s fees into account. No allowance has been made for taxation.

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