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.”
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.