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.”
ASFA has launched a central online hub to help super funds, employers and service providers prepare for Payday Super reforms.
The Super Members Council is calling on the government and regulators to impose additional safeguards to prevent superannuation switching harm and has put forward multiple suggestions for improvements.
The Assistant Treasurer has reaffirmed the government’s commitment to strengthening retirement outcomes, consumer protections and cyber resilience in superannuation.
The industry super fund has advanced reconciliation efforts with a new initiative focused on improving outcomes for First Nations members.