AUSTRALIA - The Queensland Investment Corporation (QIC) has appointed Bill Prendergast to the new position of Global Fixed Interest (GFI) beta manager, bringing the company's investment team to 21.
In the role, Prendergast will act as a key link between QIC's global fixed interest and strategy divisions to manage beta exposures for multi-sector clients, including an inflation-linked bond mandate for QSuper.
Commenting on the appointment, Susan Buckley, general manager of QIC global fixed interest, said she was excited that the team’s success in managing a broad range of client portfolios had facilitated the growth in its capabilites.
Prendergast was previously at Axa/Axa Rosenberg where he held a number of portfolio manager positions both in Australia and Tokyo, including the last two years as senior portfolio manager for fixed income.
In a separate development, on 13 August 2007, Global Pensions reported QIC that had invested in the Henderson Global Investors’ Global Equity Multi-Strategy fund.
The fund is part of Henderson’s US$3bn single manager hedge fund range spread across 14 hedge funds which are split into four pillars, such as long short directional equity; and equity multi-strategy.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.