The European asset management platform of Mediolanum Banking Group, Mediolanum International Funds (MIFL) has announced two equity mandates with SGA and NZS Capital as the firm looks to expand its footprint with boutiques in the United States.
The agreement with SGA, a Connecticut based independent investment boutique, will see MIFL providing capital of €80 million to seed the SGA Emerging Markets equity strategy, which adopts the same investment approach that made the firm known for the quality of their flagship global equity strategy. The initial investment is expected to grow over the next 5 years.
“We are very excited to work with Mediolanum International Funds and offer our Emerging Market Growth portfolio to European investors at a time when many are seeking EM exposure in a bid to participate in the wealth creation of growing middle classes. This partnership will give us privileged and timely access to European distribution across different countries through MIFL’s local ties to distribution networks in Italy and Spain, and strong partnerships in Germany within the IFA business”.Rob Rohn Founding Principal at SGA
MIFL will also back NZS Capital’s Technology strategy, with a €300 million mandate. The firm has a unique philosophy known as Complex Investing which identifies companies that best adapt to unpredictable outcomes. NZS Capital, a Denver based investment boutique, is minority owned by Jupiter Asset Management which acts as the firm’s exclusive global distribution partner and introduced MIFL to the investment opportunity.
“Partnering with Mediolanum International Funds is a great step in our firm’s evolution. This Sub advisory mandate offers European clients access to a portfolio of companies that we believe is best equipped to handle the accelerating pace of change in the global economy. The focus on innovation and disruption is a long-term trend an investment perspective, and one that is especially relevant in today’s environment”.Brinton Johns Co-Founder of NZS Capital
MIFL represents a unique entry point for skilled asset managers that wish to expand their reach to European markets. MIFL’s multi manager approach, which combines funds and mandates is the engine of several mutual funds and customised investment solutions and services for insurance products and banking services distributed across Italy, Spain, and Germany.
A variety of solutions tailored to private investors aimed to meet different type of clients’ needs, in combination with professional financial advices are the secret of MIFL’s constant growth and retention of assets particularly at time of market volatility.
“We are delighted to have both SGA and NZS Capital LLC on board. Both managers have proven to generate great value over the time for their investors and by partnering with them in these new strategies we expect our clients to benefit as well. Our objective in the next 5 years is to invest at least one third of all our equity, fixed income assets externally managed, in partnership with boutiques with strong track record by seeding new strategies or investing in existing ones. The evolution of the industry globally is offering a unique opportunity and we believe we are well positioned to take advantage due to our entrepreneurial culture and 23 years plus experience in multi management. We are looking to collaborate with boutiques where we can add value to their overall business. We think that the AUM in breadth of strategies we have, plus our flexibility and unique entrepreneurial culture is fundamental to success We already have a proven track record in helping start-ups or small asset managers to grow, it is now time to scale it up”.Furio Pietribiasi, CEO of Mediolanum International Funds