Five Oceans Asset Management has picked up a $150 million global equity mandate with Local Government Super.
This comes after Catholic Super recently invested $80 million in the Five Oceans World Fund earlier in the year.
Local Government Super chief executive Peter Lambert said Five Oceans had been awarded the mandate based on having a strong investment process, a good track record and an awareness of responsible investing.
Five Oceans also recently took out the Global Equities (Long Short) category in the 2011 Money Management/Lonsec Fund Manager of the Year Awards — the sister publication of Super Review.
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.