Telstra Super Pty. Ltd., which runs the A$9 billion ($7.4 billion) Telstra Superannuation Scheme, Melbourne, Australia, hired Martin Currie Investment Management to run A$115 million in a global alpha ex-Australia mandate, according to a joint news release.
Funding comes from terminating two international equities managers, according to Telstra Super’s website, which did not identify the managers. The move was made after a manager review by consultant JANA. Steve Merlicek, Telstra Super’s CIO, could not be reached by press time.
In an interview, Kimon Kouryialas, Australia country head at Martin Currie, described the strategy as a “go-anywhere portfolio that (uses) the best ideas globally of the firm.” The long-only strategy chooses 30 to 45 stocks regardless of country or sector.
