VicSuper hands Colchester a key mandate

VicSuper has announced a key mandate – that of Colchester Global Investors to handle a $320 million fixed income mandate.

The superannuation fund said the appointment of an active, absolute return oriented global bond manager would add diversity to its current fixed income portfolio’s return drivers, so that VicSuper could continue to generate strong and consistent returns for its members.

Commenting on the mandate, VicSuper chief executive, Michael Dundon said Colchester would play a key role as a “satellite” fixed income manager.

“We believe that Colchester’s value-oriented philosophy, based on income generated in real terms, complements our own approach extremely well. We look forward to a successful ongoing relationship with Colchester,” he said.