PARIS, March 28, 2023 /PRNewswire/ -- Scharf Investments, a partner of iM Global Partner, has received a major investment mandate (more than $400 million) from a well-known Nordic pension fund for one of its main investment strategies. equities, Scharf Global Opportunity Strategy.

The strategy is a concentrated global portfolio of around 30 stocks and seeks to deliver long-term risk-adjusted returns using a bottom-up, fundamental, quality value approach.

The strategy was first launched in the United States in 2014 as the Scharf Global Opportunity Fund (WRLDX) and received a 5-star rating from Morningstar as of December 31, 2022. Since its inception, the fund has been consistently highly rated and, as of December 31, 2022, it was in the top 4% of the 40-act Global Large-Stock Value category.

In addition, iM Global Partner's internal analysis shows that this fund has delivered better risk-adjusted returns than its top 10 US counterparts since its launch in October 2014, with the best Sharpe ratio and lowest drawdowns. This strategy has also recently been made available to investors in UCITS format, through the iMGP Global Concentrated Equity Fund.

Jamie Hammond, Partner at iM Global, Deputy Managing Director and Head of International Distribution, commented: "We are delighted that this strategy has been recognized by one of the largest pension funds in the Nordic region. Their due diligence process was robust and comprehensive, and Scharf's appointment is a testament to his process and results. We are seeing great interest in this strategy among European clients."

Brian Krawez, Chairman of Scharf Investments and Lead Portfolio Manager, said: "We are immensely grateful for the trust this blue-chip institutional client has placed in us, and we are honored to have the opportunity to serve them. I want to express my Sincere thanks to all members of the Scharf Investments team, whose dedication and unwavering commitment have been instrumental in delivering exceptional results for clients. We would also like to thank iM Global Partner for their role in this important achievement."

Philippe Couvrecelle, CEO and founder of iM Global Partner, said: "This mandate is a strong recognition of the differentiated approach that Scharf Investments offers. This business success story illustrates the strength of the partnership between iM Global Partner and Scharf Investments."

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