Fund manager Bernstein Alliance has secured 10 new superannuation fund relationships this year, representing over $700 million in new business for corporate, industry and public sector funds. Head of institutional sales and marketing Paul Bolinowsky says net inflows of over $1.4 billion in the first half of 2003 have put the business on track to meet its aggressive targets.
Bernstein has introduced new strategies covering Australian growth equities, fixed income, cash, global value equities and global fixed income to the Australian institutional market this year, as well as a new range of style-blended strategies.
Because the manager has separate investment strategies under the Bernstein and Alliance banner, it claims to have no predetermined bias.
Regarding wholesale market trends, Bolinowsky says: “It is fair to say that the broader market is still trying to recover and learn from one of the most difficult three year periods for equity investing on record.”
