Queensland Investment Corp., Brisbane, Australia, hired BlueBay Asset Management to run US$390 million in an emerging markets portable alpha strategy. “QIC was seeking emerging market alpha,” said David Field, QIC head of global fixed interest-external managers, in a news release, “but at this stage of the economic cycle, (QIC) was not necessarily comfortable in being fully exposed to the emerging market beta.”
Queensland Investment, a government-owned asset manager, has more than A$55 billion in assets under management. Neither QIC spokesman Gerard Reilly nor Jo Ongert, BlueBay’s head of marketing and client relations, could be reached by press time for further comment.
