Queensland Investment Corporation (QIC) has appointed boutique managers Skyhawk and ClariVest, terminating its mandates with Denver Investment Advisers and AQR Capital.
Skyhawk and ClariVest will be part of QIC's International Equities Small Companies Fund and will manage $31 million and $37 million respectively.
"QIC continues to back new managers we identify through our thorough and comprehensive due diligence process," QIC head of implemented equities Greg Liddell said.
"We remain confident that we have allocated mandates to managers that will provide our clients with characteristics in line with the fund's objectives."
Skyhawk is a high-conviction, fundamental manager and ClariVest is a quantitative manager.
Denver Investment Advisers and AQR Capital were appointed to QIC's manager line-up in October 2005. QIC has $50 million in funds under management.
