POWERED BY MOMENTUM MEDIA
Inaugural mandate for IFM Investors fund
Coal industry fund, Mine Wealth + Wellbeing has awarded what represents the inaugural mandate for IMF Investor's Australian core equities strategy.
IFM Investors described the mandate as "substantial" and said that it followed on from the firm having expanded its Active Equities team this year with the recruitment of nine Large Cap investment professionals (eight in Sydney and one in Hong Kong).
It said the head of active equities, Neil Carter had been joined by Lachlan Davis as head of large cap active equities, and Mark McClatchey as head of research.
The team had established three key products — Australian core equities, Australian equities extended alpha and the Asia-Pacific market neutral fund.
Commenting on the mandate, Carter said the new products significantly increased the IFM Investors offering.
"The team uses a ‘Smart Quant' investment approach, which combines the power and breadth of a quantitative approach with the judgment and skills of fundamental analysis, and the team has proven itself over the past 15 years in the Australian market," he said.
Recommended for you
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.
The $89 billion fund has announced a new leadership role within its private markets team.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
