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QIC selects Altrinsic
Queensland Investment Corporation (QIC) has completed a review of its International Equity Fund (IEF) manager line-up by handing a $60 million global equity mandate to Altrinsic Global Advisors.
Announcing the mandate, QIC head of international equities Greg Liddell said the appointment of Altrinsic was consistent with the company’s overall strategy of creating an equal regional and global focus for the International Equity Fund.
He said Altrinsic was a 100 per cent employee-owned boutique firm based in Connecticut and would provide an actively managed all-market portfolio, which would add broad diversification value to the IEF through its bottom-up, fundamentally driven and value-oriented investment process.
“The firm’s competitive advantage is a combination of the team’s considerable experience, its diversity of knowledge, disciplined approach to stock and industry research, and the cohesive and focused nature of the investment group,” he said.
QIC global equities general manager John Gethin-Jones said the selection of Altrinsic was a result of the ongoing active management of the portfolio to better meet clients’ risk/return objectives and to broaden sources of active return.
“It reflects QIC’s policy of continuous review of its manager line-up to ensure the best investment outcomes are achieved for clients,” he said.
AUTHOR
Mike Taylor
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