Equities desks and brokers have spotted three big transition portfolios in ASX-listed names over the past two weeks. They reckoned thewas behind at least some trades, and State Street has acted as transition manager.
While the transition looked complete on Monday, Wednesday morning was pretty active in block trades again with 65 bigger trades totalling about $650 million .The question - as it always is with transition portfolios - is which fund managers lost mandates as Unisuper took over ACS’s portfolio. It’s no surprise there’s interest from fundies to see who survived the transition to UniSuper, and who was cut when ACS’s team left.
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