REST announces new mandates
Big retail industry superannuation fund REST has announced a series of new mandates.
The fund said during the December quarter it had invested $150 million with Credit Suisse in its Syndicated Loan Fund and $100 million with Stone Tower in the fund manager's Offshore Credit Fund, while in February it had invested an additional $50 million with Stone Power.
REST chief executive Damian Hill said funding of the investments had come from REST's cash flow.
"These investments present the prospect for attractive equity-like returns for our members over a three to five-year timeframe," he said.
Hill said consistent with REST's philosophy, the investment was being undertaken as part of a diversified portfolio of exposures to the credit markets within the growth alternatives sector.
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(%)
