The international arm of RBC Wealth Management, part of Royal Bank of Canada, announced its appointment of Cornerstone Investment Partners LLC (Cornerstone) as Investment Manager of the US Core Equity class of RBC Regent Strategy Fund Ltd (RBC Regent Fund).
Cornerstone is an investment management company that specialises in US equities. Based in Atlanta, Georgia, it manages approximately USD 2.2 billion in assets for public pension plans, corporations and individuals. Over the last five years, Cornerstones Concentrated Equity strategy has outperformed benchmarks by approximately four% p.a.
RBC Regent Fund offers simple, global investment solutions to high net worth individuals who are serviced through RBCs international wealth management platform. Specialist fund managers are appointed to manage the 12 separate equity classes and are monitored on an ongoing basis by a dedicated team of manager research professionals, whose process is ISO 9001 certified. The fund also offers exposure to UK, US and Canadian bonds, and UK, Asia Pacific, Canadian and Global equities.
Commenting on the appointment of Cornerstone, David McFadzean, Head of Manager Research at RBC Wealth Management, said, We believe that Cornerstones investment style is an excellent fit with the RBC Regent Funds aims and objectives, which comprise diversification of investments, easy access to global markets and good value. We focus on rigorous manager selection to deliver the best solutions to our clients.
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