Strategic revamp for independent master trust

fixed interest portfolio manager

4 March 2003
| By Freya Purnell |

Independent master trust providerStrategic Investments Australiahas appointed two boutique Australian equity managers to its Strategic Super Master Plan, and restructured its Diversified Fixed Income Fund.

The new additions to the Master Plan are the Paradice Cooper Investors (PCI) Australian Equity (Large Cap) Fund, and the Constellation Capital Management Australian Equities Fund.

According to Strategic chief executive officer Chris Lumby, the changes are a result of a continued search for innovative investment options as part of its active manager selection and monitoring process.

Already managing funds for Strategic through its Australian Small Cap portfolio, Paradice Cooper Investments will extend the relationship with the new large cap portfolio, which will be run by PCI portfolio manager and co-founder Peter Cooper.

The portfolio, which has outperformed the S&P/ASX 200 by an average of 0.5 per cent per month since its establishment in October 2001, will be managed in a ‘style-neutral’ approach.

The second Australian equities addition, Constellation, has achieved an annualised return of 2.5 per cent over the two years to February 28, 2003.

Strategic has also revamped its Diversified Fixed Income Fund, with PIMCO picking up a new mandates for its Australian Bond Fund and Global Credit Fund, incumbent managerCommonwealthadding an active mandate, the Commonwealth Diversified Fund, to its existing passive allocation, andUBSreplacing the UBS Diversified Fixed Income Fund with the UBS Australian Bond Fund and UBS International Bond Fund.

TheCitigroupDiversified Fixed Interest Trust andCredit SuisseBalanced Fixed Interest Trust have been dropped from the portfolio.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 3 weeks ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 3 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 3 weeks ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 week 3 days ago

The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day....

1 week 2 days ago

The Federal Court has given a verdict on ASIC’s case against Dixon Advisory director Paul Ryan which had alleged he breached his director duties....

1 week 1 day ago