A shift in allocations to global equities managers was the latest move by the statutory fund of the NSW Aboriginal Land Council (NSW ALC) as it unbundles its terminated investment mandate with Chifley Financial Services and assumes control of its assets.
Russell transforms 'best ideas' fund
Russell has tweaked its Australian Select Holdings Fund which combines fund managers’ ‘best ideas’ in a single concentrated portfolio, increasing the frequency with which it rebalances and enhancing the weighting algorithm that skews the portfolio to those stocks with the strongest signals.
Everest's alternatives chief finds big super fund home
The former head of absolute return funds at Everest Financial Group, Steve McKenna, will soon resurface at an $8 billion superannuation fund to implement its credit and alternative investment programs.
SSgA offers 'non-lending' options
State Street Global Advisors (SSgA) has offered ‘non-lending’ equivalent trusts to four of the thirteen trusts which experienced difficulties relating to the liquidation of securities lending collateral.
LGSS pulls active mandates in Aussie equities beta push…
The NSW Local Government Superannuation Scheme (LGSS) has terminated three mandates with active Australian equity managers to increase the passive component of its $1.1 billion domestic equities portfolio to almost 50 per cent.
…and abolishes $425m hedge fund exposure
The NSW Local Government Superannuation Scheme (LGSS) has pulled its entire allocation to hedge funds – totalling $425 million – and invested half of the redeemed capital in high-grade Australian credit.
QIC takes aim at offshore instos to further grow client base
Queensland Investment Corporation (QIC) has begun an offshore sales push for a global fixed income absolute return fund in a continuation of its strategy to diversify and grow its client base, and is focusing on Asian and European investors.
Asset Super picks Mercer’s best for $230m int’l equities portfolio
The $1.4 billion Asset Super has overhauled its international equity manager line-up, assigning four new mandates in a portfolio of six names.
NGS Super’s investment chief departs
The head of investments at Non-Government Schools Super is understood to have left the fund, citing personal reasons.
NAB spoils State Street's Rio party
State Street Investor Services has, following a Thomas Murray review, become the custodian for Rio Tinto’s staff pension schemes in every major territory – except Australia.
Asset Super picks Mercer's best for $230m int'l equities portfolio
The $1.4 billion Asset Super has overhauled its international equity manager line-up, assigning four new mandates in a portfolio of six names.
