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| John Paul |
Asset Super has changed its manager line-up with strategic changes in investment mandates.
Asset Super chief executive John Paul said the fund had directed a $30 million mandate to the Antin Infrastructure Partners fund as part of its alternative asset strategy.
At the same time, he said the fund had terminated its $30 million international equities mandate with Bernstein Global Value and reallocated 55 per cent of the money to the Schroder’s QEP Value Fund, with the remaining 45 per cent being directed to Dimensional Fund Advisors in its Emerging Markets Trust.
Paul said this reallocation would increase the fund’s direct and indirect exposure to emerging markets within the international shares asset class to about 15 per cent.
He said the fund had also reduced its hedging ratio on international equity portfolios from 40 per cent to 35 per cent based on the current exchange levels of the Australian dollar relative to the US dollar.
