BT Financial Group's Australian equities team has received $100 million in mandates from two institutional investors.
The corporate superannuation fund, MasterSuper will invest $50 million in BT's Wholesale Focus Australian Share Fund, a concentrated portfolio that invests in 15 to 30 stocks.
Another $50 million has been allocated to the BT Core Australian Share Fund by an institutional investor which, cannot be named for confidentiality reasons.
"The allocation to BT's fund reflects our desire to meet investor demand for a higher alpha, high tracking error fund," MasterSuper chief executive Mark Sladden said
"The concentrated portfolio is managed from the point of view of leveraging BT's stock picking capabilities rather than following a particular strategy such as sector allocations and complements our continued exposure to higher risk adjusted return strategies across our Australian Equities allocation," Sladden said.
The BT Focus Fund manages about $650 million in funds under management. Overall BT's equities team manages $8 billion in Australian equities.
