lambert

LGS Super pulls out of hedge fund-of-funds

The $4.7 billion Local Government Superannuation scheme (LGS Super) has reallocated the $450 million it began pulling from hedge fund-of-funds in the Chifley Wholesale Trust in February.

Staff WriterSeptember 14, 2009

LGS dumps InTech, looks to hire investment analyst

The $4.7 billion NSW Local Government Superannuation Scheme (LGS) has cut ties with its asset consultant of three years, InTech Investment Consulting, and appointed an international competitor, while the fund is looking to beef up its internal resources later this year to help meet reporting requirements under the UN Principles for Responsible Investment (PRI).

Staff WriterAugust 31, 2009

Investment Strategy

LGSS completes active equities restructure

The $4.7 billion NSW Local Government Superannuation Scheme (LGSS) has terminated two mandates with active Australian equity managers and awarded a new mandate worth $110 million to a Sydney-based active boutique in the final stage of the restructure of its domestic equities portfolio.

Staff WriterJuly 27, 2009

Investment Strategy

AussieSuper buys quant system for active manager assessment

AustralianSuper may have indexed half its Australian equities portfolio but that has not stopped it from upgrading its resources to assess active manager skill.

Staff WriterJune 9, 2009

Investment Strategy

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.

Staff WriterJune 9, 2009

Investment Strategy

…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.

Staff WriterJune 9, 2009

Investment Strategy

Brett Elvish running another major consulting review

Brett Elvish has popped up running another asset consulting review for a major superannuation fund, and this time he will be helping determine the fate of his former employer.

Staff WriterJune 1, 2009

Investment Strategy

LGSS to add investment analyst, nears end of global shares review

The $5.7 billion Local Government Superannuation Scheme (LGSS) will appoint an investment analyst to support its CIO, and is preparing to implement the final phase of its global equities restructure.

Staff WriterMarch 16, 2009

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