Colonial First State (CFS) has given a $960 million mandate to Tyndall Investment Management’s Australian share strategy, Investor Daily reports. Maple-Brown Abbott, which was a manager of the FirstChoice Australian Share multi-manager fund, has been terminated.
Maple-Brown Abbott had been managing the portfolio since 2002. Other managers of the fund include CFS growth with 5 percent, Schroder Investment Management with 20 per cent, Perennial Growth Management with 20 percent and Perennial Value Management with 20 percent.
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