HESTA seeds QIC fund

10 January 2006
| By Mike |

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.

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 8 months ago
Kevin Gorman

Super director remuneration ...

1 year 8 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 8 months ago

Super funds are strengthening systems and modelling member benefits ahead of payday super....

3 hours ago

The investment body has raised questions about ART’s Tabcorp shareholding, urging clarity for members on gambling-related super fund investments....

3 hours ago

The Australian Taxation Office (ATO) has approved real-time payments for superannuation, removing a major hurdle ahead of payday super reforms....

3 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3