UK – Northern Trust’s multi-manager business in the UK has appointed Singapore-based APS Asset Management to run the Pacific Basin ex-Japan part of its multi-manager pooled funds Pacific Basin section.

Northern Trust says that APS was selected on the basis of its knowledge of local companies and markets in the region. APS joins Henderson and Crédit Suisse Asset Management who manage the Japanese segment of the Pacific Basin section.

Says Michael Kenny, director of research for multi-manager products at Northern Trust: “APS benefits from offering its own company research facilities and we were impressed with its style as a fundamental bottom-up stock picker with a leaning towards mid-cap and smaller companies as this fits well with the existing managers for the region.”

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