$40m insto mandate for Certitude

Certitude Global Investments has picked up a $40 million mandate for its HFA Institutional Diversified Investments Fund from what it describes as one of Australia’s largest institutional investors.

In an announcement released to the Australian Securities Exchange (ASX) today, Certitude said the mandate would supplement an existing $35 million mandate from the same investor and reinforced the fund manager’s position as a leader in absolute return investing.

Certitude chief executive Craig Mowll said the institutional investor had awarded the mandate after a strategic review of its asset allocation which had recommended an increase in its exposure to diversified absolute return funds.

“This mandate reinforces our confidence that the absolute return investment strategy used by the Institutional Diversified Investment Fund provides investors with a heightened level of confidence during periods of both volatility and recovery,” he said.