Fund manager Nikko Asset Management has won a key mandate from industry fund, TWUSuper.
The fund manager confirmed this week it had been awarded a mandate for its long-running Australian Equities Comparative Value Analysis strategy.
Confirming the mandate, TWU Super chief investment officer, Andrew Killen said the fund's board had been impressed by Nikko AM's team which had been consistent in delivering excess returns over a long period of time.
Nikko AM's head of equities, Brad Potter said the company was delighted to have received the mandate and recognized the competitive nature of the Australian market.
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.