IKANO is Fisher Investments' first European institutional client, and we hope to have future opportunities in the UK and the rest of Europe to provide our investment management services to other institutions, as well as individual investors through our Private Client Group.
Woodside, CA, (PRWEB) September 15, 2008
U.S.-based asset manager Fisher Investments announced IKANO Fund Management's recent decision to hire Fisher Investments to manage a small cap value equity portion of its Portable Alpha Fund and its US Small Cap Equity Fund.
Fisher Investments, a global money manager headquartered in California, has one of the longest performance histories in small cap value equity management, serving an impressive roster of institutional clients for over 20 years.
"We are pleased IKANO selected Fisher Investments as a fund manager," said Andrew Teufel, co-president and director of research at Fisher Investments. "IKANO is Fisher Investments' first European institutional client, and we hope to have future opportunities in the UK and the rest of Europe to provide our investment management services to other institutions, as well as individual investors through our Private Client Group."
Luxembourg-based IKANO utilizes a strict selection process when seeking a fund manager, noting they choose those who can "provide for added performance while diversifying risk." IKANO chose FIIG based on many factors, including Fisher Investments' long performance history and investment process.
About Fisher Investments
Fisher Asset Management, LLC, doing business as Fisher Investments, is an independent, global money management firm headquartered in Woodside, CA. The firm was first founded in 1979 as a sole proprietorship by Ken Fisher, later incorporated in the state of California, and then reorganized as a Delaware limited liability company. Fisher Investments currently manages over $40 billion (as of 8/31/08) across two principal business units -- Fisher Investments Institutional Group and Fisher Investments Private Client Group. These units serve diverse groups of global clients, including corporate, public and multi-employer pension funds, foundations and endowments, insurance companies, healthcare organizations, governments, and thousands of high net worth individuals. Fisher Investments is a registered investment adviser with the Securities and Exchange Commission under the Investment Advisers Act of 1940. http://www.fi.com/
About IKANO Fund Management
IKANO Fund Management (IFM) is a specialized fund management company based in Luxembourg, which represents an innovative alternative to conventional investment funds in the market. Following up on a thorough selection process, IFM identifies, combines and monitors specialist asset managers in specific funds that will appeal to its clients' investment objectives. Focusing on the style of best of breed managers helps IFM to offer stable returns and to actively manage risks. IKANO FUNDS is a Luxembourg based SICAV with more than EUR 3.8 billion (as of the 30th June 2008) under management, with the help of some 22 carefully selected asset managers in 15 different sub-funds. IKANO FUNDS was launched in 1999 by the IKANO Group, with the ambition to make the best asset managers available for private and institutional investors. IKANO Funds is a member of the IKANO Group, which is owned by the Kamprad family. Ingvar Kamprad founded IKEA in Älmhult, Sweden in the 1940's. http://www.ikanofm.lu/
Gavin Anderson & Co.
Gavin Anderson & Co.
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