Five Oceans Asset Management has picked up a $150 million global equity mandate with Local Government Super.
This comes after Catholic Super recently invested $80 million in the Five Oceans World Fund earlier in the year.
Local Government Super chief executive Peter Lambert said Five Oceans had been awarded the mandate based on having a strong investment process, a good track record and an awareness of responsible investing.
Five Oceans also recently took out the Global Equities (Long Short) category in the 2011 Money Management/Lonsec Fund Manager of the Year Awards — the sister publication of Super Review.
