AV Super re-jigs property, Australian equities

20 November 2012

| By Staff |

AV Super has awarded a $100 million mandate to specialist equity fund manager Cooper Investors and a further $50 million mandate to Investa Property Group.

The fund underwent a comprehensive review to re-jig some of its Australian equity allocations, resulting in the termination of a mandate with Alliance Bernstein.

Cooper Investors will manage a concentrated Australian listed securities portfolio of between 20 to 45 stocks, with a focus on ASX200 companies.

AV Super had also needed to reallocate to property as older property assets were wound down, AV Super chief executive Michelle Griffiths said.

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Investa specialises in purchasing and leasing prime office space across mainly Melbourne, Sydney and Brisbane.

AV Super investment officer Scott Malpass announced the appointment of the two new fund managers.

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