The active equities mandate will be managed by IFM Investors’ Australian Core Equities strategy, which now has more than $1 billion in funds under management (including the new mandate).
“We have seen strong interest from Australian superannuation funds in our differentiated investment approach with its blend of systematic and fundamental approaches,” said IFM Investors head of large cap active equities Lachlan Davis.
Mr Davis said Tasplan’s interest in the strategy highlighted “the value of IFM Investors’ Australian Core Equities proposition.”
The mandate was issued by Tasplan following a review of its exposure to Australian equities conducted in preparation for the fund’s merger with the Retirement Benefits Fund, Tasplan head of listed investments and strategy Mark Williams said.
“We aimed to construct a portfolio of our best ideas and to take advantage of the scale benefits that we were achieving with the combined funds. We have high conviction in the IFM team and their strategy,” he said.
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