Industry Funds Management (IFM) has appointed three new specialists to form the company's new small caps team.
Neil Carter has been recruited as the executive director of the new IFM small caps team, and will be joined by Jim Copland and Matt Griffin.
The three investment managers come from Macquarie Bank and will be Sydney-based.
IFM chief executive Brett Himbury said Carter, Copland and Griffin had been attracted by the IFM's "unique ownership structure and culture, backed by a strong financial position".
"All three have proven themselves as excellent investors and have extensive and diverse backgrounds which make them a good fit for IFM," Himbury said.
"We want to send a very clear message to our investors and indeed our competitors, that we are determined to continue to set world-class standards that genuinely put investors first," he added.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.