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