The Asset Management Exchange Hits $10bn In Assets
Institutional fund platform The Asset Management Exchange has reached $10bn in assets. AMX was launched in February 2017 and now offers 50 strategies to investors across equity, fixed income and alternatives.
Tad Fetter, Global Head of Business Development and Client Service at Brandywine Global Investment Management, said: “By having an institutional focus, AMX has helped us better manage costs and create efficiencies. Our move was one of the smoothest transitions, of any type, we’ve ever done and having everything on AMX gives our clients a single lens and consistent set of data points through which to view their portfolio.”
Lena Andrew, Pensions Investment Manager at Whitbread, said: “Knowing that AMX has the scalability to offer us a variety of investment strategies from skilled managers was something that appealed to us from the beginning. Since we started using AMX in November 2017, the average manager fee saving across all our managers for the period to 31 August 2019 was 15bps per annum and when combined with other operational and market counterparty savings, we have achieved total savings of £420,000.”
Oliver Jaegemann, CEO of AMX, said: “AMX has experienced impressive growth over the past year due to the addition of new managers and strategies to the platform. With clients now across multiple jurisdictions, AMX has become a global, cross-asset solution for both investors and managers. It is an exciting time for all of us at AMX and we have set ambitious growth targets for the future as we continue to transform the investment industry.”
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