The pair will work together to develop a special range of Tower-branded multi-manager products, with Tower assigned to manage the partnership and Russell given overall responsibility for investorsÆ funds.
CEO of Tower Investment, Graham Evans, says Russell was picked from a string of candidates because of its strong local focus in Australia.
Meanwhile, Alan Schoenheimer, managing director for Russell in Australasia, says ôMulti-manager investing is a complex process that combines global manager research, the careful selection and blending of managers, asset allocation, performance monitoring and efficient implementation of a portfolio,ö says
ôMore recently, changes within the structure of...
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