Searches and Hires

REST Super awards global equities allocation to GQG Partners

REST Super, Sydney, hired GQG Partners to manage a global equities allocation, said a spokeswoman for the superannuation fund with roughly A$50 billion ($37.7 billion) in retirement assets.

The spokeswoman didn't provide details on the size of the mandate. Stephen Bramley, head of Asia-Pacific distribution for Pacific Current Group, a multiboutique asset management firm that counts GQG as one of its 15 boutiques globally, likewise declined to provide details.

A Pacific Current Group news release said the latest mandate has boosted GQG's book of business on behalf of 16 clients based in Australia and New Zealand to just less than A$2 billion. The release said GQG, launched in mid-2016 by Rajiv Jain, the former chief investment officer of Vontobel Asset Management, oversaw total assets under management of A$16 billion as of March 31.