The A$80 billion (US$75.4 billion) Queensland Investment Corp. has created an emerging markets multimanager trust and seeded it with A$130 million, according to Investment & Technology newspaper. The fund has segregated mandates with three underlying managers implementing different strategies: closed-end fund arbitrage; fundamental stock selection; and a country-focused, top-down quantitative manager. Greg Clarke, director of international implemented equities at QIC, said the fund aims to provide a diversified entry point into emerging markets. He declined to name the managers.
QIC starts emerging markets multimanager fund
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