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Nordea replaces mandate for managing its EM small-cap fund

Nordea Asset Management hands off mandate for smaller companies strategy to another US-based boutique.

Photo: Nordea/PR

Nordea Asset Management has replaced the lead company on its emerging market small-cap equity fund with another US boutique manager, reports newssite Citywireselector.com.

Boston-based Copper Rock Capital Partners was taken off the mandate for 'Nordea 1 - Emerging Markets Small Cap' on May 5 after managing the fund for almost seven years. Instead, Nordea has appointed TimeSquare Capital Management for the mandate, according to the newssite.

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