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Chatfeild-Roberts' team wins major Middle East multi-asset mandate

by Dylan Lobo on Dec 05, 2013 at 08:06

Chatfeild-Roberts' team wins major Middle East multi-asset mandate

John Chatfeild-Roberts' multi-manager team will run a range of multi-asset funds for Emirates NBD Asset Management after the firm entered a strategic alliance with Jupiter Asset Management.

The funds include the Luxembourg-domiciled Emirates Active, Balance and Conservative Managed funds, which have been managed in house by Emirates NBD AM since their launch in 2004. The three funds control approximately UAE dirham 400 million (£66 million) between them. 

At the same time the Dubai-based firm announced the launch of the Emirates Global Quarterly Income fund under the Luxembourg umbrella, which will also be outsourced to Chatfeild-Roberts’ (pictured) team, which includes Peter Lawery and Algy Smith-Maxwell.  

Outlining its rationale for the alliance, Emirates NBD AM - the investment subsidiary of bank Emirates NBD - said the combination of its local knowledge with the global expertise of Jupiter should take the funds to the ‘next level of performance’.

Emirates NBD senior executive officer David Marshall said in a statement: ‘As an important component of the bank’s wealth management division, Emirates NBD Asset Management offers investors a value‐added relationship that combines investment expertise, access to international platforms and world class execution.’

‘We are pleased to announce this strategic partnership with Jupiter Asset Management, which will give a huge boost to our global expertise and further drive the process to develop Emirates NBD Asset Management’s in‐house product range into global markets.’

Jupiter executive director Kevin Scott added: ‘Expansion and global outreach is an important aspect of today’s connected world and we are pleased to partner with one of the leading asset management firms in the GCC (Gulf Cooperation Council) to enhance their fund offering.

He added: ‘As a fund manager focusing on delivering investment outperformance over the medium to long term across its range of portfolios, Jupiter Asset Management is excited about this strategic tie up, which will aim to maximise performance on the global product range.’

'This is a key development of our international expansion plans, complementing our existing presence in Europe and Asia.’

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