The newly merged NGS Super fund has dropped Bernstein from its international equities lineup following a review of its portfolio last month.
The review also resulted in the termination of a $190 million mandate with National Capital Alliance and a $37 million investment in the Lazard Global Equities Fund as previously reported in the December issue of Investment & Technology magazine. Broad global shares mandates held by BGI and Morgan Stanley have been retained, as well as an emerging markets mandates held by Colonial and a smaller companies mandate held by Goldman Sachs JB Were. According to Colin McGuinness, NGS Super chief executive officer, transition of the sector began last month and was recently completed.
13/12/2005
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Investments
Aware Super has backed the call for a legislative change that will introduce mandatory human rights due diligence for large Australian companies, as head of responsible investment Liza McDonald said it’s a “reasonable request” which will help asset owners understand and manage the governance risks in their portfolios.
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