AV Super has awarded a $100 million mandate to specialist equity fund manager Cooper Investors and a further $50 million mandate to Investa Property Group.
The fund underwent a comprehensive review to re-jig some of its Australian equity allocations, resulting in the termination of a mandate with Alliance Bernstein.
Cooper Investors will manage a concentrated Australian listed securities portfolio of between 20 to 45 stocks, with a focus on ASX200 companies.
AV Super had also needed to reallocate to property as older property assets were wound down, AV Super chief executive Michelle Griffiths said.
Investa specialises in purchasing and leasing prime office space across mainly Melbourne, Sydney and Brisbane.
AV Super investment officer Scott Malpass announced the appointment of the two new fund managers.
Private market assets in super have surged, while private debt recorded the fastest growth among all investment types.
The equities investor has launched a new long-short fund seeded by UniSuper, targeting alpha from ASX 300 equities using AI insights.
The fund has strengthened efforts to boost gender diversity, targeting 40:40:20 balance across its investment teams by 2030.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.