ESI issues five new mandates
Energy industry fund ESI Super has awarded five new Australian equities mandates.
The fund announced today that it had awarded the mandates to Balanced Equity Management, Greencape Capital, Hyperion Asset Management, JF Capital and Legg Mason.
The mandates were announced by ESI Super chief executive Robyn Petrou, who said they reflected the fund’s growing size and internal expertise.
Announcement of the mandates follows confirmation that ESI Super would be moving to merge with SPEC Super to create a $3.4 billion fund.
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(%)
