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February 5, 2014updated 04 Apr 2017 2:32pm

SEI grants £166 million UK equity mandate to Four Capital Partners

SEI has granted a £166 million UK equity mandate to Four Capital Partners under its £1 billion flagship range of strategic portfolios.

By Verdict Staff

SEI has granted a £166 million UK equity mandate to Four Capital Partners under its £1 billion flagship range of strategic portfolios.

The move follows the appointment of Philip Hardy as a fund manager to Four Capital from Polar Capital Holdings.

The mandate, which will gain exposure in the UK equity market through bottom-up stock selection along with top-down macro-economic view, has been previously managed by Hardy at Polar Capital since August 2011.

Additionally, Four Capital will join Invesco, Jupiter, Lindsell Train and Los Angeles Capital Management within the UK equity allocation in the strategic portfolios, which include a range of seven managers of multi-asset fund.

Jason Collins, head of the UK investment management unit at SEI, said: "His team’s long-term assessment of value combined with shorter-term, technical, sentiment and macroeconomic variables offer the ability to produce competitive results in varying market environments."

Derrick Dunne, founding partner at Four, said: "His contrarian value approach with a macro overlay marks him out from other managers and it is a great testament to his skill and experience that SEI, with its global research capabilities, has decided to retain his investment management services for its UK Equity mandate."

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