LOS ANGELES--(EON: Enhanced Online News)--Causeway Capital Management LLC ("Causeway"), an investment firm wholly-owned by its employees that manages more than US$20 billion in international, global and emerging markets equities, today announced that its third party marketing firm in Australia, Plus Capital, has agreed to exclusively market Causeway products and has changed its name to Causeway Capital Management (Australia) Pty Limited (“Causeway Capital Australia”). This change reflects Causeway's ongoing commitment to Australia, and follows the awarding of a fourth mandate to the firm by Australian institutional clients. Causeway Capital Australia remains wholly-owned by its existing owners, Neil Wild and Michael Dorph, and will continue to provide services under its distribution contract with Causeway.
“According to client and consultant feedback, the recent mandates, totalling over A$1.2 billion, are a direct result of the quality of Causeway’s portfolio management process and its dedication to presenting the depth of its team to the Australian market.”
“Australia has been a focus of our international marketing efforts since 2010 when we retained Plus Capital in Sydney to market our advisory services in Australia,” said Sarah Ketterer, CEO, Portfolio Manager and a founding member of Causeway. "The establishment of an exclusive relationship with Causeway Capital Australia reflects Causeway’s commitment to both client service and marketing in Australia and will be mutually beneficial for Causeway and our clients."
Causeway manages Australian dollar-denominated accounts in its global value equity strategy, which seeks long-term growth of capital and income through investments primarily in common stocks of companies in global developed countries. Ms. Ketterer added that the strategy also invests a portion of assets in emerging markets. “We use a value-focused bottom-up style, and identify stocks that our investment team believes have attractive risk-adjusted return characteristics,” she said.
“This change reflects the commitment to Australia by our colleagues at Causeway as well as our desire to be fully integrated into not only the sales and marketing of Causeway’s strategies but also the ongoing provision of its client service locally,” said Neil Wild, one of the founders of Causeway Capital Australia. “According to client and consultant feedback, the recent mandates, totalling over A$1.2 billion, are a direct result of the quality of Causeway’s portfolio management process and its dedication to presenting the depth of its team to the Australian market.”
Established in 2001, Los Angeles-based Causeway Capital Management LLC provides investment management services to corporations, pension plans, public retirement plans, sovereign wealth funds, superannuation plans, Taft-Hartley pension plans, endowments and foundations, mutual funds, charities, private funds and trusts, wrap fee programs, and other institutions. For its international and global value equity strategies, Causeway uses team-based, value-driven investment disciplines that combine in-depth research and analysis, active portfolio construction, and disciplined risk management. Causeway also manages a quantitative emerging markets equity strategy. The firm, wholly-owned by its employees, managed more than $20 billion in total assets as of September 30, 2013. More information on Causeway, and its investment philosophy and team, is available online at www.causewaycap.com.
About Causeway Capital Australia
Established in 2008, Causeway Capital Management (Australia) Pty Limited (formerly Plus Capital Investment Management Pty Ltd) is a licenced financial product distribution company representing Causeway to Australian institutional investors and their advisors. Previously a third party marketing company with four offshore investment manager clients, Causeway Capital Australia has chosen to work exclusively to build the Causeway franchise in Australia.