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US group bolsters line-up on blockbuster equity strategy

US group bolsters line-up on blockbuster equity strategy

US asset manager Artisan Partners has appointed two associate portfolio managers within its global value team led by Citywire A-rated managers Daniel O’Keefe and David Samra, the company has announced.

Justin Bandy will focus on the Artisan Global Value fund, working on both the Ucits and the US strategies. This is while Ian McGonigle will work on the US-domiciled Artisan Non-U.S. Value fund. The pair will take on their new roles as associate portfolio managers on 15 November 2015.

Commenting on the appointments, Samra said: ‘These promotions reflect our confidence in Justin and Ian’s ability to further broaden their influence on the strategies we manage, as well as the value they have created for clients since joining our team.’

The Wisconsin-based company recently reopened the bulk of the Artisan Global Value fund to new investors following the closure it had put in place in 2014.

In October 2015, the asset manager said it had originally opted to close the Dublin-domiciled strategy in response to the ‘velocity of asset growth’ seen in the fund, having risen from €778 million in assets at the end of 2013 to €859 million in mid-2014.

This followed the closure of the US version of the Artisan Global Value fund in late 2013. The strategy as a whole, which includes the US fund, the Ucits fund and all pooled vehicles, had $14.1 billion in assets under management as at 31 August 2015.

In the three years to the end of October 2015, the Artisan Global Value fund returned 48.29% in US dollar terms against rise of 47.79% by its Citywire-assigned benchmark, the LCI S&P 500/MSCI World (50:50), over the same period.

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