Global equities boutique manager, Bell Asset Management, has been award a $130 million global small and mid-cap equity mandate from Energy Super.
The manager’s global small and mid-cap strategy aimed to provide investors with an additional growth alternative in global equity portfolios, as well as helping diversify investors’ concentration risk to mega and large-caps.
“We are seeing increasing demand for this segment of the market as investors look for pockets of opportunity and alpha,” Bell’s managing director, strategy and distribution, Rob Sullivan, said. “We look forward to building a strong and long partnership with Energy Super and delivering the best results we possibly can to its members.”
The industry super fund has been ordered to pay $23.5 million after systemic failures caused extensive delays for thousands of insurance claimants.
A new report from the prudential regulator has revealed super funds can act as both a stabilising force and an amplifier of shocks in an interconnected economy.
CFS has expanded usage of its digital advice product to members of its employer super and FirstChoice super accounts.
Superannuation funds are expanding their activities in the advice space and a leading recruitment firm has shared the typical salaries on offer with three funds namechecked for their attractive offerings.