Canara Robeco Asset Management was awarded a $200 million mandate by a Middle East investor, IPE reports. The firm had had received another $150 million mandate from a Dutch pension fund at the end of March 2011.
Canara Robeco Asset Management, which is a joint venture between Dutch asset manager Robeco and Indian bank, Canara, has €215.8 billion in assets under management. The asset manager focuses on Indian equity, bonds and money market products.
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