Dutch financial services provider Finles has awarded Attica Asset Management €65m ($56.9m) for its multi-manager and fund of hedge funds products.

Lombard Odier, which was previously sole manager of the €145m global balanced fund, has lost out. Attica was last year awarded €80m following Finles decision to have more than one manager running a variety of investment strategies. Lombard Odier has now lost the entire equities mandate as Finles believes Attica's strategy suits the fund better.