Energy industry fund ESI Super has awarded five new Australian equities mandates.
The fund announced today that it had awarded the mandates to Balanced Equity Management, Greencape Capital, Hyperion Asset Management, JF Capital and Legg Mason.
The mandates were announced by ESI Super chief executive Robyn Petrou, who said they reflected the fund’s growing size and internal expertise.
Announcement of the mandates follows confirmation that ESI Super would be moving to merge with SPEC Super to create a $3.4 billion fund.
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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