The funds awarded by Nikko Asset Management Australia form part of its multi-manager and portfolio solutions business, which has A$28bn in assets under management.
AMP Capital said it has a range of such partnerships with Nikko Asset Management Australia across their Australian and Asian investment management businesses.
Gian Pandit, AMP Capital’s co-head of Australian fundamental equities, will manage the mandate.
“The portfolio is actively managed under an unconstrained framework to take advantage of all market opportunities as they arise, based on the highest conviction ideas of the team,” Pandit said.
The concentrated strategy aims to provide investors with returns through all market environments by investing in a finite number of companies that exhibit under-appreciated earnings potential.
The team follows an unconstrained style, rotating between value and growth companies when they believe it is the right time in the cycle.
AMP Capital’s fundamental equities team has more than doubled its funds under management during the last three years to A$6.8bn from A$3.2bn in 2011.
AMP Capital is a specialist investment manager with A$144bn in funds under management as of 30 June 2014 and has 250 investment professionals worldwide. It manages real estate and infrastructure, fixed income, equities and multi-asset solutions.
