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
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
