Hostplus has appointed Industry Funds Management (IFM) to manage a mandate worth $100 million for its Strategic Australian Equities Fund, Investor Daily reports. IFM listed equities executive director Clyde Haldane is heading the strategy.
The fund aims at delivering a concentrated, cost-effective and long-term investment portfolio of Australian Securities Exchange-listed equities. Two years ago, the industry superannuation fund had granted $30 million in seed money for the strategy.
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