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 December 2005 00:00
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Investments
Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.
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