MBF's financial division, Clearview Retirement Solutions, has terminated a $505.9 million Australian shares mandate with IAG Investment Management and a $48.4 million Australian shares mandate with Alpha Investment Management.
Clearview has also appointed boutique manager Northcape Capital to run a $124.9 million Australian equities mandate.
Clearview, which used to belong to IAG, is advised by Intech.
It passed $2 billion in funds under management (FUM) in February, an increase from $1.83 billion at June 30, 2006.
Since health fund MBF's acquisition of the business in 2004 from IAG, Clearview has added FUM of $790 million, a 64.2 per cent increase.
