Colonial First State has awarded H20 Asset Management a global fixed income and currency mandate of $270 million as an allocation within its FirstChoice multi-manager funds.
The London-based fund manager was sourced through Apostle Asset Management.
Apostle’s director of sales, Richard Borysiewicz said H20’s fixed interest capabilities have found strong resonance in international markets, with this being their first Australian mandate.
H20 was launched in July last year in partnership with Natixis Asset Management by Bruno Crastes and Vincent Chailley, formerly of Amundi Asset Management.
The $75 billion fund has gained exposure to decarbonisation solutions in its first listed equities impact investment.
The superannuation fund is expanding its investment exposure to industrial property through a $1 billion partnership with Barings, a global investment manager.
AustralianSuper has usurped the Future Fund as the biggest Australian asset owner, jumping from 43rd to 36th place globally, according to an annual study by the Thinking Ahead Institute.
IFM Investors, the global institutional asset manager owned by superannuation funds, has signed a memorandum of understanding with the UK government to invest £10 billion by 2027.
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