Funds SA revamps Aust equities

Christine St Anne

Mon 04 Feb 2008

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.