The Stevedoring Employees Retirement Fund (SERF) and the Seafarers Retirement Fund (SRF) have redeemed small cap mandates with Colonial First State Global Asset Management, and placed the money with a boutique which broke away from the institution.
Tom Plodr and Anthony Vourdanos left CFS in September 2007, and announced shortly after that they would launch their own small caps boutique, Kosmos Asset Management. SERF and SRF have since withdrawn mandates with the CFS small caps fund, and in August placed the money with Kosmos. Kosmos will manage $35 million on behalf of SERF, and $9 million for SRF. Both funds also recently appointed JANA as their asset consultant, as the funds move investments into greater alignment ahead of their January 1, 2009 merger to form Maritime Super.
Hedge Funds
Funds hooked on equity and bonds need sophistication in alternatives: Mercer’s Nuzum
The senior investment leader describes the governance challenges as “huge” for funds moving into alternative asset classes because of the complexity and also because of the gap between the best and worst performing general partners and investment managers.
Hedge Funds
China consumption story trumps US trade concerns
This year’s single-best trade was Chinese mid-cap semiconductor and tech stocks, according to UBS O’Connor's Kevin Russell. This illustrates how China’s domestic consumption economy allows it to combat any trade wars with the US.
Hedge Funds
Alternative strategies in the eye of the storm: Sunsuper’s Bruce Tomlinson
While Sunsuper's access to cash and public market meant its alternatives allocations weren't tapped for liquidity to facilitate early release payments, Tomlinson said he could take advantage of some more liquid ‘hedge fund-type’ investments during tumbling markets.
Receive our latest articles, profiles, news and event invitations direct to your inbox.
The leading superannuation, institutional investment and fund management publication in Australia.