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From Komfie Manalo, Opalesque Asia: A study made by Melbourne-based Center for Investor Education showed that most Australian investors preferred infrastructure, private equity and commodities for 2009, according Hatfield Liptak’s latest newsletter.
CIE surveyed 30 industry fund trustees and retirement industry advisers and found that 53% quoted infrastructure as their favored asset class for this year. Some 40% of the respondents preferred private equity and 7% commodities.
Surprisingly, the respondents did not select hedge funds, shares and property.
NGS Superannuation Fund overhauls $600m portfolio
The Non-Government Schools Superannuation Fund (NGS) Super has awarded eight new mandates for its $600m international equity portfolio as part of a restructure to increase future returns for members, InvestorDaily.com reported in January.
NGS Super awarded new mandates to Baillie Gifford Long Term Global Growth, the Deutsche Global Thematic Fund, Orbis Global Equity Fund, Pzena Global Value Fund, Taube Hodson Stonex Partners Global Equity Fund, and Wellington Special Strategy Portfolio as well as two hedge fund managers Holowesko Global Equity Fund and Charlemagne Emerging Markets Fund.
The industry fund retained its emerging markets mandate with Colonial First State Emerging Market Fund but did not renew the mandates of AMP Future Directions and Barclays.
Bill Dwyer, investments manage...................... To view our full article Click here
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