AUSTRALIA - Superannuation fund QSuper has allocated US$100m to a global fixed income fund run by Australian money manager QIC.
The QIC Global Fixed Interest Alpha Fund has returned 13% per annum gross of fees since July 2005, according to a QIC news release.
QSuper chief investment officer Brad Holzberger said: "QIC GFI has demonstrated this over a number of years, generating alpha returns for QSuper through innovative strategies across global fixed income, combined with a rigorous and disciplined investment process. GFI's active strategies are one of the high conviction strategies QSuper has actively sought to maintain."
QIC's Global Fixed Interest boutique managing director Susan Buckley said: "The GFI Alpha Fund is attracting strong interest in Europe and Asia due to our rigorous investment process and proven track record and we are currently working closely with a number of large investors."
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