UK - Bank of Bermuda has awarded Edinburgh Fund Managers a £25m (e39.8m) active UK equity mandate, a portion of the bank’s all-point multi-manager product offering.

Edinburgh Fund Managers already manages approximately US$72m (e76.1m) in eight indexed and derivative sub-funds for the Bank of Bermuda’s Global Manager umbrella investment fund.

Wayne Chapman, senior vice president of investments at the Bank of Bermuda, comments:
“ Edinburgh Fund Managers were chosen from a shortlist of six leading UK equity managers.
“ They have a well established and experienced investment team and we are confident that this appointment will enhance our UK equity offering.”

The bank’s manager research team carried out the search with the assistance of Brockhouse & Cooper.