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
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
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