![]() |
West Australian fund GESB has handed Schroders Investment Management a $2.7 billion mandate to help manage the fund’s international equities portfolio.
The fund announced the mandate this week following what it described as a review of the core component of the international equities portfolio.
GESB senior investment strategist Bill Dwyer explained the choice of Schroders saying the fund manager took a pragmatic approach to quantitative equity investment and the fund expected it to perform well in a range of market environments, including volatile and non-trending markets.
He said Schroders joined Fidelity, Edinburgh Partners and Sarasin & Partners on the fund’s international equities roster.
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.