Bennelong Funds Management has won a crucial institutional mandate, having its Australian equities fund placed on MAP Superannuation Plan’s multi-manager portfolio and Australian equities fund of fund offering.
MAP Superannuation Fund’s chief investment officer Ross Endres said the Bennelong mandate had followed a review of all asset classes.
He said the review had focused on getting the right mix of active managers given the anticipated economic and financial market environments over the next three years.
Commenting on the mandate, Bennelong’s director of distribution, Andrew Aitken, said he believed it reflected the fact that Bennelong was one of the few managers to gain momentum during a difficult time for equity markets.
