The electrical industry's super fund, Connect Super, has terminated a $68 million Australian equities mandate with Ausbil Dexia.
The decision came as part of a $211.5 million shake-up of its investment mandates. The fund also terminated a $14.6 million emerging markets mandate with DFA Australia and a $6.3 million tactical asset allocation mandate with Tactical Global Management.
Connect Super also made five manager appointments in September. Credit Suisse Asset Management won a $58 million diversified fixed income mandate, Lazard won a $24 million Australian equities mandate, Orbis was awarded a $14 million international equities mandate, Deutsche Bank Asset Management won a $13 million diversified property mandate and United Kingdom-based fund of hedge funds manager Fauchier Partners scooped a $13.1 million mandate.
