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 SERF and SRF have since withdrawn mandates with the CFS small caps fund, and in August placed the money with Kosmos.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.
2 September 2008 00:00
withdrawn, merger, behalf, august, maritime, alignment, consultant, kosmos, january, retirement, appointed, boutique
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.
Leave a Comment
You must be logged in to post a comment.