Harbour partners with global asset manager

Harbour partners with global asset manager T. Rowe Price & appoints Kendal Law as Director of Sales

Harbour Asset Management (Harbour) today announced that it has partnered with Baltimore-based global asset manager T. Rowe Price to bring a wholesale global equity Portfolio Investment Entity (PIE) Fund to the New Zealand market.

Harbour’s Managing Director Andrew Bascand said, “In searching for an appropriate global equity manager to partner with, we sought a manager with a strong track-record, high quality people, a research edge and a philosophical alignment with Harbour.”

Established in 1937, T. Rowe Price is a well-respected specialist investment management firm that manages US$746.8 billion1. in assets (as of December 31, 2014). T. Rowe Price has investment offices in Baltimore, Hong Kong, London, Singapore, Sydney and Tokyo in fitting with its strong globally focussed research culture.

The T. Rowe Price Global Equity Growth Fund (the Fund) aims to out-outperform its MSCI All Country World Index benchmark over the medium to long-term. The Fund is a growth oriented portfolio consisting of around 130 stocks, with a natural bias towards emerging market stocks, where typically around 15% of the portfolio will be held.

Given its diversification and risk parameters Harbour would envisage this Fund being a core component of investors’ global equity allocations.

Jody Kaye, Harbour’s Chief Operating Officer & Head of Client Servicing said, “To support the launch of the Fund, we have appointed Kendal Law as Director, Head of Sales at Harbour. Kendal will be focusing on providing investment and marketing support for the Fund with consultants, trustees and wholesale investors in NZ.”

Kendal has over 17 years’ experience with global investment banks providing equity analyst, research sales and account management expertise. Kendal will work with Jody Kaye in Harbour’s Auckland office.

Prior to joining Harbour, Kendal was with Credit Suisse Securities for 12 years based both in London and Hong Kong, as a Director in Research Sales with a focus on Institutional equity clients. In this role Kendal was responsible for both Global and Asia Pacific equity clients.

Prior to Credit Suisse, Kendal worked at ING Barings in London as a Director in Institutional Equity sales, and previously had been an equity analyst based in Hong Kong, covering the Real Estate sector for BZW Securities, having qualified as a Chartered Surveyor with Jones Lang Wooton in London.

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