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
mcguinness, completed, chief, sachs, sector, morgan, emerging, transition, colonial, stanley, retained, goldman
Investments
ASFI’s sustainable finance taxonomy was meant to make greenwashing harder. But with the framework now being piloted by a slew of asset owners, banks and rating houses, there are lingering questions as to whether it does the opposite.
Leave a Comment
You must be logged in to post a comment.