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.”
Dan Farmer, chief investment officer of MLC Asset Management, has detailed how its super fund allocations have evolved and whether the fund will consider investing in bitcoin.
Australia’s superannuation capital has been positioned to play a larger role in south-east Asia’s economic development under a new government-backed deal.
Superannuation funds have become the dominant force behind Australia’s private markets boom, fuelling unprecedented growth and reshaping manager operations.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.