May 3 2017

New mandate awarded to IFM Investors Active Equities team

A $670 million Active Equities mandate has been awarded by superannuation fund Tasplan to IFM Investors.

It is the second major mandate in under a year for IFM Investors’ Australian Core Equities strategy and takes the funds under management to over $1billion.

IFM Investors expanded its Active Equities team in 2016; it now includes 10 large cap equity investment professionals with extensive experience in quantitative and fundamental investment management in Australia and Asia.

IFM Investors launched its Australian Core Equities strategy in 2016. It sits alongside the firm’s other key large cap active equity products – the Australian Equities Extended Alpha Fund and Asia-Pacific Market Neutral Fund.

Commenting on the mandate, Lachlan Davis, Head of Large Cap Active Equities, said that Tasplan’s interest showed the value of IFM Investors’ Australian Core Equities proposition.

“We have seen strong interest from Australian superannuation funds in our differentiated investment approach with its blend of systematic and fundamental approaches.”

Tasplan’s Mark Williams, Head of Listed Investments & Strategy, said Tasplan conducted a comprehensive review of the equities asset classes in the lead up to the merger with RBF.

“We aimed to construct a portfolio of our best ideas and to take advantage of the scale benefits that we were achieving with the combined funds. We have high conviction in the IFM team and their strategy.”

Tasplan’s mandate followed a review of its exposure to Australian equites ahead of its merger with the RBF Tasmanian Accumulation Scheme.

Tasplan is a multi-industry, profit-for-members superannuation fund with 145,000 members and 16,000 employers.