BNP Paribas Investment Partners in Australia has picked up a key mandate via its global equity partners, Barrow, Hanley, Mewhinney and Strauss (BHMS) and Carnegie Asset Management (CAM).
The company announced today that both BHMS and CAM had been appointed to manage assets for Perpetual Private — Investments (Perpetual).
Commenting on the mandate, BNP Paribas Investment Partners' Australian chief executive, David Grybas said the firm was delighted to partner with Perpetual and provide them with best of breed product solutions in the global growth and value equity space.
"We appreciate their confidence in awarding assets to BHMS and CAM, and we look forward to further building our relationship with Perpetual in the future," he said.
BHMS has total firm wide assets under management of $91 billion as at 30 September 2016 and its global equity strategy follows a value style with a fundamental bottom-up approach.
Established in 1979 and based in Texas, BHMS has been working with BNP Paribas Investment Partners in Australia since early 2014.
CAM is a high conviction, active, global growth equity portfolio manager based in Copenhagen. Established in 1986 and with total assets under management of $18 billion as at 30 September 2016, CAM has been working with Australian clients since 2010