Janus Capital Group has picked up its first Australian institutional mandate, with its independently-managed subsidiary, Enhanced Investment Technologies, awarded a global core equity mandate by Ipac.
The $476 million mandate comes after Janus Capital Group opened an office in Melbourne last year.
Commenting on the mandate, Janus Capital Asia head John Landau said he believed it reflected the strong interest the company was seeing in the Australian region and elsewhere in the Asia Pacific for Enhanced Investment Technologies’ unique risk-controlled US and global equity strategies.
Enhanced Investment Technologies will manage a global equities strategy, benchmarked against the MSCI World Index ex Australia and it represents the first time the company has attempted to create a portfolio excluding stocks from a particular country.
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.
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Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.