Pioneer Australian-based hedge fund, HFA Asset Management has increased its institutional exposure picking up an additional $40 million mandate from Sunsuper.
The mandate, announced this week, increases HFA’s diversified investments portfolio and takes it to over $1.83 billion in assets under management.
Commenting on the new mandate, HFA’s senior investment manager, Peter Coates described it as a strengthening of the relationship with Sunsuper.
“We have received a great deal of interest in the HFA Diversified Investments Fund from institutional investors wishing to reduce their risk exposure to international equities and bond markets by diversifying away from their directional market exposure into a much more active absolute return focused fund,” Coates said.
He said HFA had now secured over $100 million in institutional mandates over the past three months, including a $60 million mandate from Vision Super.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
All merger proposals will have to be approved by the consumer watchdog under the sweeping merger reforms announced by the government on Wednesday.
Add new comment