legalsuper selects GQG Partners for global equities

Pacific Current Group’s specialist global and emerging markets equities boutique manager, GQG Partners has won its first Australian institutional mandate for global equities with legalsuper.

The boutique manager, which was set up last year by ex-Vontobel chief information officer, Rajiv Jain and is based in Florida, currently oversees client assets of around $4.5 billion across both global and emerging market equity markets.

According to the company, this was GQG’s second appointment by the Australian superannuation fund as in 2016 the company gained its ‘anchor investor’ for its emerging markets strategy in the Australian market.

Pacific Current Group’s head of distribution, Stephen Bramley, said: “The Australian market has been a key focus for GQG since their launch”.

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“GQG currently manages and will have future commitments totalling more than $1 billion on behalf of Australian and New Zealand institutional investors,” he said.

“With the upcoming launch of the Australian funds for both GQG’s merging markets and global strategies, we expect that number to rise.”

Currently, GQG Partners has over 20 employees and has a diverse client base across the US, UK, and the Australian markets.

“It has been a humbling experience since our launch last June, the support from consultants and institutions has been phenomenal and we are grateful to partner with legalsuper,” Jain said.

“Australia has quickly become a key market for GQG, the sophistication and long-term perspective taken by funds fits well with my approach to portfolio management.”