Superannuation fund, Sunsuper, and asset manager, PineBridge Investments, have announced they have entered an asset allocation partnership – Sunsuper’s Strategic partnership Program.
Under the terms of the agreement, both parties would share their expertise and resources, including asset allocation, for the benefit of Sunsuper’s members.
Australia’s retirement market, which is currently the fourth-largest and valued at $2.7 trillion, is forecast to increase to $6 trillion by 2025 due to the compulsory superannuation guarantee growth of 12%.
The partnership between the two firms would look to address and capitalise on this demand where investors would be looking for global growth opportunities.
“PineBridge is proud to support Sunsuper in providing dynamic asset allocation positioning across a wide range of 80 plus global asset classes, aiming to mitigate drawdowns and capture growth,’’ Michael Kelly, global head of multi-asset at PineBridge Investments said.
“With rigorous portfolio implementation, our investment strategy helps achieve investment objectives across all market cycles. It’s a time-tested, methodical, and repeatable process.”
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
In an address to the National Press Club last week, the incoming chair of Australia’s sovereign wealth fund said institutional investors could play a role in the winding road towards net zero.
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