Threadneedle picks up work

Michael Bow
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THREADNEEDLE Investments yesterday captured $800m (£510m) of fresh assets after striking a deal to manage portfolios for South African fund manager Stanlib.

Stanlib, which itself manages $44bn, will transfer its global and emerging market equity portfolios from UK fund manager Origin Asset Management over to Threadneedle under a segregated mandate.

Threadneedle head of global equities William Davies and head of Asia Pacific equities Vanessa Donegan will lead the team.