POWERED BY MOMENTUM MEDIA
Auscoal issues new mandates
Auscoal Super has confirmed that it has completed a restructure of its $800 million fixed interest portfolio, announcing the appointment of five new managers with absolute return style strategies.
The managers to benefit from the new mandates are Franklin Templeton, Mondrian, Vianova, Schroders and Kapstream.
At the same time, the super fund said it had moved to exploit current opportunities in the global credit sector through the appointment of Alliance Bernstein and Banquo.
It said the remainder of the portfolio would be invested in Australian and global inflation-linked securities and longer-dated sovereign securities, with mandates being managed on an enhanced passive basis by Ardea, Pimco and Kapstream.
Commenting on the outcome of the restructure, Auscoal chief executive Bruce Watson said the fund had carefully chosen eight new fixed interest managers with the skill base to seek and exploit value opportunities within the fixed interest universe.
AUTHOR
Mike Taylor
Recommended for you
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.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
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
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment