QueenslandInvestment Corporation(QIC) has picked up $100 million in seed funding from to assist in the launch of the QIC International Small Companies Fund.
The QIC International Small Companies Fund strategy was designed by QIC in consultation with both HESTA and the fund’s investment consultant, Frontier Investment Consulting.
Commenting on the launch of the fund, HESTA’s investments and governance manager said that it represented an efficient means for HESTA and its members to gain exposure to excellent managers in a global configuration.
According to QIC head of international equities, , the International Small Companies Fund has been constructed using a three manager configuration.
It utilises San Francisco-based in the global small cap mandate, Denver-based as an EAFE mandate and Connecticut-based quant manager AQR as a US mandate.
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