POWERED BY MOMENTUM MEDIA
Legalsuper redeems hedge fund mandate
Legalsuper has redeemed a $38 million mandate with hedge fund manager Aurora LLC, according to fund chief executive Andrew Proebstl.
The funds will be integrated back into legalsuper’s equities portfolio as part of a shift to slightly increase equities exposure in the fund’s diversified options, Proebstl said.
The shift was decided as part of the outcome of a review with legalsuper’s asset consultant, JANA, which was completed in December, he said. This will likely result in further funds being redirected towards equities, he added.
Legalsuper still has a couple of other smaller hedge fund mandates that are ongoing, Proebstl said.
Recommended for you
Australian superannuation funds have slightly lifted their hedge ratios on international equities, reversing a multi-year downward trend.
Challenger’s chief economist expects the US economy will see a prolonged recovery with President Donald Trump’s policies unlikely to have a lasting effect on equities and investments.
A research firm says errors are a “natural part” of running a company with humans and has reversed its previous poor rating for the exchange.
The world’s largest wealth manager remains overweight on US stocks spurred on by AI, but is taking a “granular” approach when assessing trade war damages.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
