Bennelong Funds Management has won a crucial institutional mandate, having its Australian equities fund placed on MAP Superannuation Plan’s multi-manager portfolio and Australian equities fund of fund offering.
MAP Superannuation Fund's chief investment officer Ross Endres said the Bennelong mandate had followed a review of all asset classes.
He said the review had focused on getting the right mix of active managers given the anticipated economic and financial market environments over the next three years.
Commenting on the mandate, Bennelong’s director of distribution, Andrew Aitken, said he believed it reflected the fact that Bennelong was one of the few managers to gain momentum during a difficult time for equity markets.
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.
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