First State Super, the Sydney-based financial services firm with A$64 billion ($50 billion) in superannuation assets under management and another A$21 billion in retirement savings, hired EAM Global Investors to invest a "large mandate" in global microcap equity, a spokeswoman for First State Super confirmed.
The spokeswoman couldn't immediately provide details on the size of the allocation. A spokesman for EAM parent Pacific Current Group declined to provide further details.
EAM's assets under management now stand at $2.1 billion, according to a news release Monday by Pacific Current Group,
