Five Oceans will now take on the management of the fund, using a diversified portfolio of sectors and styles while aiming to outperform the MSCI World over a rolling 3-5 year period.
SIG said that Five Oceans has a high conviction portfolio of around 50 core holdings that seeks to produce positive returns and manage risk over the long term across changing market conditions.
SIG head of Investment Research and Portfolio Manager in the UK Adam Smears said that Five Oceans Asset Management are an experienced firm who deliver outperformance beyond the broader markets by having an absolute return mindset.
"In reality this translates to a portfolio filled with high conviction names, with the commensurate volatility managed through an adept use of derivatives," Smears said.
