Mellon’s Newton Investment Management wins GESB mandate
Major Western Australian-based public sector fund the Government Employees Superannuation Board (GESB) has awarded Mellon Global Investments Australia a significant global equity mandate, to be managed by Mellon subsidiary Newton Investment Management.
Announcing the mandate, GESB chief executive Michele Dolin said it was a part of a broader strategy and was expected to be an important contributor to overall fund performance.
The Newton methodology utilises a bottom-up stock selection process, with the company being regarded as a pioneer in thematic investment.
Mellon Global Investments managing director James Gruver said Newton had nearly 30 years experience investing on a global thematic basis, and its global equity strategy had outperformed the benchmark in each of the past 10 calendar years.
AUTHOR
Mike Taylor
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
