UniSuper hires from Janus Henderson

The $80 billion superannuation fund has hired an equities manager from Janus Henderson's Aussie equities team which shut down its funds earlier in the year and returned $490 million to investors.

Paul Phillips started as a manager, equities at UniSuper in June.

His area of focus is global resources and energy sectors, reporting to UniSuper's head of equities Simon Hudson.

In January, Janus Henderson started winding up its Australian equities funds which were run by an investment team of five who were put on notice.

Head of Australian equities Lee Mickelburough has since taken a role as a director at private investments firm Tanarra Capital.

James Drohan joined Future Fund as an analyst.

Andrew Sutherland and Phan Tran's new appointments are not yet known.

In the lead up to the announcement in January, another senior analyst at the Janus Henderson team Nick Sladen moved to Myer Family Office, taking on a portfolio manager role.

At the time of the announcement, the Janus Henderson High Conviction Australian Equity Fund had $18 million in assets under management, while its Australian Equity Fund had $180 million. It also had separately-managed mandates of about $292 million.

"Over the past 18 months, the manager's Australian equity (AEQ) investment desk has found it challenging to meaningfully grow and diversify AUM and to develop long-term growth prospects," a spokesperson said at the time.

UniSuper has built up an in-house investing team of 50 people from almost none almost eight years ago.

It managed about 65% of its investments in house as of last December. Most core assets in-house but the fund also outsources to external managers.

Last month, the fund expressed its disappointment with its Aussie equities managers, most of which failed to beat their benchmarks. It got rid of three of its 14 managers after running out of patience with them.

UniSuper's balanced investment option returned 9.9% for the year, as it made big gains from individual stocks: BHP was up 52.2% while ASX and Transurban were up more than 30%.

Read more: UniSuperJanus HendersonAndrew SutherlandFuture FundJames DrohanLee MickelburoughMyer Family OfficeNick SladenPaul PhillipsPhan TranSimon HudsonTanarra Capital
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