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LUCRF Super has issued three new international equity mandates.
The fund announced today that it had appointed three new international equity managers: Arrowstreet Capital LP, MFS Investment Management and DFA Australia.
The mandates followed a review of asset classes by the fund that resulted in a restructure of the international equities sector in conjunction with consultant Tower Watson.
The restructure means a reduction in the fund’s allocation to Lazard and a termination of the Alliance Bernstein Global Style Blend product.
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.