Tasplan adjusts infrastructure exposure

22 September 2011
| By Tim Stewart |

Tasmanian-based industry fund Tasplan has made an adjustment to its investment strategy, responding to concerns by its investment consultant Mercer that it is overweight Australian equities.

Tasplan investment manager Mark Williams said the fund had launched notice with AMP that it would be diversifying out of the AMP Infrastructure Equity Fund. The super fund has begun its search for a global infrastructure manager.

"Mercer will provide a recommendation at the next board meeting for a manager. They've narrowed it down to a short-list of managers based on their research, and then we'll select a manager based on that," Williams said.

Tasplan will remain invested in the IFM Australian Infrastructure Fund, which is concentrated in Pacific Hydro, he added.

AAS will continue to provide Tasplan with administration services, after a new five-year contract was signed effective 1 April 2011, according to Tasplan chief executive Neil Cassidy.

When it came to member engagement, Cassidy said Tasplan's social media strategy was "well ahead of everyone else in the industry".

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 11 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 11 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 12 hours ago