Pacific Current Group's global small and micro-cap boutique manager, EAM Investors, has secured its first Australian institutional mandate.
EAM, which manages circa $US1.5billion in funds, across global small and micro-cap markets is partnering with multi-manager innovator, IOOF Investments, sources told Street Talk.
As part of the agreement, IOOF has added EAM's emerging markets small cap strategy to its IOOF MultiMix global equities multi-manager structure.
EAM was established in 2007 by principals that had formerly worked together at San Diego based Nicholas Applegate Capital Management (now as Allianz Global Investors).
It became part of Pacific Current, after the group was created through the merger of Treasury Group amd Northern Light Capital Group in late 2014.
PAC Price at posting:
$3.92 Sentiment: Hold Disclosure: Held
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