Connect Super has switched managers in its international equities portfolio and is looking to review the fixed income sector.
Industry fund Connect Super has hired Genesis Investment Management to manage a $15 million emerging markets mandate.
The appointment follows the termination of State Street Global Advisors, which was the fund's previous emerging markets manager.
"The changes were as a result of the review of our international equities portfolio," Connect Super chief executive Sean Leonard said.
The fund is currently reviewing its fixed income portfolio.
"We are currently assessing our fixed income portfolio. We are expecting some changes to the portfolio, however, we have not yet finalised the review of the sector," he said.
Connect Super has also boosted its insurance cover by 30 per cent.
Members of the fund will now have access to $72,000 of total and permanent disability cover in their default option.
Tower's Jim Minto explains why the insurer opposes further consolidation, especially if it reduces the choice of insurance products on a platform.... Watch»
Legalsuper axes four managers »
Four managers have been cut under legalsuper's latest investment changes.
TrueBridge appoints Brookvine »
A US-based venture capital firm is seeking to raise funds in Australia as it partners with a locally-based firm.
There are growing concerns former Storm Financial clients are being coerced into accepting compensation offers made by Commonwealth Bank of Australia (CBA).... read more »
