POWERED BY MOMENTUM MEDIA
(August-2001) Marvin gets mandates
THE US-based Marvin & Palmer group has consolidated its toehold in the Australian marketplace after confirming the first tranche of investors for its recently launched global equities trust.
The Marvin & Palmer Global Equity Trust was introduced to Australia in March, but investments from Deutsche Bank’s DirectChoice master trust and the Optimal Choice master trust of new funds management group Strategic Capital Management, mark the first flow of funds into the trust outside of seed funding from Marvin & Palmer itself.
Marvin & Palmer’s vice president of marketing and client services in Australia Lorraine Jones says the initial funding should be followed up by a second series of investments, with interest from both master trusts and superannuation funds expected to translate into investment dollars in coming months.
Marvin & Palmer, which has been managing money on behalf of Australian clients on a purely discreet basis since 1995, launched the Global Equity Trust specifically to open up the manager’s doors to master trusts and smaller superannuation funds.
Recommended for you
While not having a strategic asset allocation might be ‘uncomfortable’ for some investors, the Future Fund believes its unique investment approach helps the fund capture long-term value ahead of the curve.
The sovereign wealth fund grew $11.5 billion in the March quarter, according to its latest portfolio update, having previously voiced caution about inflation’s downward trajectory.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
59.27 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.01 3 y p.a(%)
Add new comment