AUSTRALIA - London-based research consultancy Inalytics has won its first Australian mandate from the Queensland Investment Corporation (QIC).
Inalytics provides a quantitative analysis tool that identifies and assesses fund managers’ investment skills.
Amanda Field, managing director of Inalytics for the Asia/Pacific region, said: “Fund managers are hired for their investment skill, yet the traditional tools of RFPs and track records provide little insight into these skills. In a period of increased competition and choice, Australian superannuation funds, multi-managers and fund managers are increasingly demanding quantitative analysis to identify investment skill.”
QIC is one of Australia's largest institutional fund managers with more than $55bn currently under management for its Australian and overseas clients.
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".