Western Australia’s Government Employees Superannuation Board (GESB) is reviewing its $2 billion international equities portfolio.
The $7 billion public sector fund’s review is being assisted by Mercer Investment Consulting, its primary asset consultant since last year. GESB has a long list of international equity managers, comprising Bernstein Investment Research (US equities, value-biased), Fidelity International, Genesis Investment Management (emerging markets), Goldman Sachs Asset Management (US equities), GMO (emerging markets), State Street Global Advisors (passive international equities) and Wellington International Management. GESB’s chief investment officer, Paul Edmondson, said: “As part of our ongoing management of a $7 billion diversified portfolio, GESB is reviewing its international equities strategy. We are conducting due diligence and are therefore not able to provide further information at this stage. We expect to be able to make a statement towards the end of the year.”
15/08/2006
ongoing, diversified, said:, emerging, statement, reviewing, diligence, edmondson, conducting, information, “as, chief
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.
Leave a Comment
You must be logged in to post a comment.