Funds SA has added three investment managers to its Australian equities portfolio.
Goldman Sachs JB Were Asset Management (GSJBWAM) will manage a $560 million quantitative equity strategy. Bernstein Value will manage $300 million and Perennial Growth will manage $450 million.
"We wanted to achieve process diversification in our Australian equities portfolio. The portfolio also had a slight value bias which we wanted to adjust," Funds SA chief executive Richard Smith said.
The fund has over $14.5 billion in funds under management.
