Witan hands £80m mandate to Veritas

Henderson had previously run the North American enhanced index portfolio, while the Japanese assets were managed by Brandes Investment Partners. Witan says the change marks a further stage in its evolution to a multi-manager structure with a more active and high conviction approach. The Veritas portfolio, based upon its Global Focus Strategy is a concentrated, is managed by Andy Headley and Charles Richardson. Initial regional exposure of mandate is North America 30%, Europe 20%, UK 18%, Asia (ex-Japan) and emerging markets 18%, with the balance in cash. Its objective is to outperf...