Bennelong Australian Equity Partners (BAEP) has picked up a key mandate, being appointed AMP Capital Investors Future Direction Australian Share Fund’s Australian equities mandate.
BAEP said it had been appointed to manage 14 per cent of the fund’s portfolio alongside AMP Capital Investors, BlackRock, Ausbil Dexia, JF Capital Partners, Platypus Asset Management and Tyndall Asset Management.
The mandate represents a breakthrough for BAEP, which was founded in July last year as a joint venture between Paul Cuddy, Mark East and Bennelong Funds Management.
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.
Add new comment