James Gruver
Mellon Global Investments has picked up a $10 million mandate from MasterSuper for its Mellon Global Alpha Trust.
The managing director of Mellon Global Investments in Australia, James Gruver, said the MasterSuper mandate followed on from recent appointments by several other institutional investors.
The mandate invests in the Australian-domiciled Mellon Global Alpha Trust — a relative value multi-manager product launched in early 2004 that is sub-advised by the Global Alpha Team at Mellon Capital Management Corporation.
Gruver said Mellon Capital had achieved significant new business growth from high alpha strategies and now managed over $1.2 billion in global alpha and activity currency for Australian investors.
The sovereign wealth fund grew $11.5 billion in the March quarter, according to its latest portfolio update, having previously voiced caution about inflation’s downward trajectory.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
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