Investment Strategy

CareSuper gets defensive

CareSuper has awarded two $100-million mandates to GMO and Wellington in an effort to shift its absolute return portfolio to a more defensive position. The $7.7-billion fund has awarded just over $100 million to the GMO Multi-Strategy Trust and just under $100 million to the Wellington Global Total Return Fund in the past month, according […]
Investment Strategy

Demise of hedge funds “greatly exaggerated”

Australia’s $43-billion hedge fund industry has survived the global financial crisis intact and has moved back into a “growth trajectory,” according to one of the judges at this year’s Hedge Fund of the Year Awards. Matthew Jeremy, the managing director of Caravel Consulting Services, said the awards – led by overall winner, the BlackRock Australian […]
Investment Strategy

GMO shuts down Australian stock-investment team

Grantham, Mayo and Van Otterloo & Co. (GMO), the 35-year old Boston-based asset manager, has closed its Australian stock-investing unit with the loss of an unknown number of jobs. The GMO Australian Equities Trust had $198 million invested and its Small Companies Trust had $7.5 million invested as of March 31, according to the Australian […]