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West Australian fund GESB has handed Schroders Investment Management a $2.7 billion mandate to help manage the fund’s international equities portfolio.
The fund announced the mandate this week following what it described as a review of the core component of the international equities portfolio.
GESB senior investment strategist Bill Dwyer explained the choice of Schroders saying the fund manager took a pragmatic approach to quantitative equity investment and the fund expected it to perform well in a range of market environments, including volatile and non-trending markets.
He said Schroders joined Fidelity, Edinburgh Partners and Sarasin & Partners on the fund’s international equities roster.
