BT Investment Solutions has terminated its international growth mandate with Marvin and Palmer, appointing Trilogy to manage the portfolio.
BT Investment Solutions has terminated its international growth mandate with Marvin and Palmer, appointing Trilogy to manage the portfolio.
"We liked and respected Marvin and Palmer. The quantum of risk and tracking error that the manager generated, however, was too high for our single sector offering," BT Investment Solutions head Stewart Brentnall said.
The multi-manager's last international equity overhaul was finalised in August 2007.
Under the changes, BT hired Alliance Bernstein, Trilogy Global Advisers, AQR Capital and MFS.
Following these manager appointments, BT terminated its mandate with the Intech International Share Active Fund.
In Part 2 of our exclusive series, we ask leading names to nominate their best investments, the most effective industry group and the importance of platforms.
British Prime Minister Gordon Brown last month uttered the 'R' word. Brown told parliament Britain will "most likely" head towards a recession. A view also shared by the country's central bank chief. ... read more »
Home delivered!
Daily news, weekday mornings
Get the day's news delivered direct to your inbox. Register here (it's free!) and choose 'yes' to receive the InvestorDaily newsletter.
Catholics revamp fixed interest »
Industry superannuation fund the Catholic Superannuation and Retirement Fund (CSRF) has revamped its fixed income portfolio.
Mercer backs alternatives »
Mercer has awarded $34.15 million in mandates to Tactical Global Management (TGM) and Lazard Asset Management to invest in alternative assets.
On the anniversary of the infamous Gunpowder Plot and also marks the occasion the supposedly most powerful nation in the world has elected its first black president. ... read more »
