QIC’s California dreaming
Big Queensland-based institutional QIC has awarded an $80 million tailored US equity long/short mandate to US-based manager Aletheia Research and Management.
The awarding of the Aletheia mandate has come at the expense of Legg Mason, which lost a US equity mandate.
Commenting on the Aletheia mandate, QIC portfolio manager Greg Clarke said that it had been based on the California-based manager’s unique research methodology.
He said Aletheia was distinguished by its relatively unique process of stock selection, which had heavy reliance on management trading information to identify value-adding opportunities.
QIC head of implemented equities Greg Liddell said the mandate had been awarded to further diversify alpha streams in the QIC International Equities Fund.
AUTHOR
Mike Taylor
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