GESB has chosen Schroder Investment Management Ltd. (Schroder) as its new international fund manager. The total worth of the equity portfolio of GESB is $2.7 billion.

The Western Australia-based financial firm revealed this in a press statement which said that Schroder will be taking care of a part of its fund.

The appointment took place after its $10 billion investment portfolio was reviewed.

However, the amount which Schroder needs to manage has not yet been disclosed. This was not done since it is not under the discloser policy of the fund managing firm.

Schroder will be joining the list of Fidelity, Edinburgh Partners and Sarasin and Partners, the current fund managers.

Talking about the selection Bill Dwyer, Senior Investment Strategist at GESB said that Schroders was chosen since it follows a very practical approach towards quantitative equity investment. And now looking at the good situation of the market and the improved investment environment, they expect to perform better. But since Schroder adds a different qualitative style, it also protects a portfolio in downturn situations.

GESB is a provider of superannuation and has 313,000 members.