Boutique funds manager Solaris Investment Management has been awarded a mandate to become part of Colonial First State’s FirstChoice Boutique Australian Share Fund line-up.
The Brisbane-based boutique announced the mandate today, with managing director Denis Donohue saying it had taken funds under management to $3.4 billion since its inception in January last year.
He said total funds under management had grown rapidly thanks in part to the confidence shown by advisers and institutional investors in the company’s boutique Australian equities funds management model.
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.