Funds SA has added three investment managers to its Australian equities portfolio.
Funds SA has added three investment managers to its Australian equities portfolio.
Goldman Sachs JB Were Asset Management will manage a $560 million quantitative equity strategy, Bernstein Value will manage $300 million and Perennial Growth $450 million.
"We wanted to achieve process diversification in our Australian equities portfolio. The portfolio also had a slight value bias which we wanted to adjust," Funds SA chief executive Richard Smith said.
The fund has over $14.5 billion in funds under management.
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A former colleague of mine once offered the opinion that industry superannuation funds are reconstructed socialists - despite their union influence, these funds have grown and benefited from a global capitalist world.... read more »
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