Fund manager Neuberger Berman Australia (NBA) has continued its expansion into the Australian market with two new mandates from HOSTPLUS and IOOF.
HOSTPLUS awarded a $90 million emerging markets mandate to NBA, and IOOF gave the fund manager a $200 million mandate in global equities.
NBA first ventured into the Australian market by winning a $100 million global tactical asset allocation mandate from Colonial First State.
NBA senior vice president Lucas Rooney said that Australian institutions had shown a high level on interest in NBA's global equities capabilities, including emerging markets.
"Our strategies give client portfolios access to a much broader range of companies than many managers because of the specific orientation of our research work, our investment process, and our teams' particular beliefs," Rooney said.
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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