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QIC goes multi-boutique
Queensland-based institutional investment house QIC has announced a strategic refocusing of its investment strategy to what it describes as a “house of boutiques” model.
The shift follows a review involving independent consultancies Oliver Wyman and Mercer Human Resources Consulting.
The strategic review has seen the big investor opt to focus on global fixed interest, global real estate, global infrastructure, global private equity, Australian large companies equities, Australian small companies equities, implemented Australian equities, quantitative management, strategy and capital markets.
Commenting on the review outcome, QIC chief executive Doug McTaggart said the "house of boutiques" model provided the specialisation, responsiveness and client alignment of a boutique with the backing, risk management and robust systems of a large investment house.
He pointed out that the investment businesses that QIC had opted to discontinue were implemented solutions and global tactical asset allocation.
He said QIC was working with its clients to facilitate the efficient transfer or wind-down of these investments within agreed timeframes.
AUTHOR
Mike Taylor
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