IFM awarded inaugural Australian Small Caps mandate

By IFM - 18 December 2012

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Industry Funds Management (IFM), an investor-owned global fund manager, today announced that HOSTPLUS has awarded the firm its inaugural Australian Small Caps mandate.

The A$50 million mandate, which is expected to grow over time, will be managed by IFM’s Small Caps team, led by Neil Carter.

IFM’s Small Caps investment approach relies on focused and rigorous research that is designed to identify mispriced stocks in the small and mid cap space.  Investment opportunities are sought across all sectors of the market and the portfolio maintains low relative risk.

IFM’s Neil Carter commented: “We are very pleased that a client of the calibre of HOSTPLUS has come on board as our inaugural Small Caps client.  We look forward to enhancing the investment outcomes of HOSTPLUS members in the Small Caps space.”

HOSTPLUS Chief Investment Officer Sam Sicilia said: “We are very impressed with IFM’s Small Caps investment capability.  A disciplined process, experienced team and strong alignment of interests with clients combined to make IFM a logical choice for a Small Caps mandate.”

IFM has a strong pipeline and is confident that its Small Caps funds under management will grow over the medium term.