AUSCOAL Super has awarded a $97.5 million managed volatility mandate to Boston-based Acadian Asset Management.
The strategy seeks to provide equity-like returns from global markets with significantly less risk than capitalisation-weighted indices, according to Acadian.
“We are attracted by the managed volatility concept because we expect it will reduce the risk within our portfolio without sacrificing returns,” said AUSCOAL chief executive Bruce Watson.
“This should help us in our objective to deliver high value, low cost retirement products to our members.”
