ipac to slash ‘manager redundancy’ in Aus equities portfolio

“There will seem to be less going on, but today a good deal of the risk each manager runs cancels out what the other managers are running.”

He said ipac would begin implementing changes to its Australian equities portfolio in October. The incumbent managers are Barclays Global Investors, Bernstein Value Equities, Challenger, Integrity Investment Management, Maple-Brown Abbott, Investors Mutual, MIR Investment Management, Schroders and Wallara Asset Management.

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Mercer Super expands into frontier market debt, builds out PE program

The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.

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