POWERED BY MOMENTUM MEDIA
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
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
62.62 3 y p.a(%)
3
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.95 3 y p.a(%)
4
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
5
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
Add new comment