HFA Asset Management is looking to move further into the institutional environment.
The company, which virtually pioneered retail hedge funds, already has institutional experience, having managed a $30 million mandate on behalf of Sunsuper.
HFA Asset Management founder and managing director Spencer Young said he believed the Sunsuper mandate had been successful for both parties, and that HFA was well-geared to handle further significant institutional business.
“Given the strength of our research and our long-standing relationship with Lighthouse Partners in the US, we are well-equipped with respect to institutional mandates,” he said.
Australia’s superannuation sector has expanded strongly over the June quarter, with assets, contributions, and benefit payments all recording notable increases.
The Super Members Council (SMC) has called on the government to urgently legislate payday super, warning that delays will further undermine the retirement savings of Australian women.
ASFA has highlighted that regulation should not be “set and forget” and calls for a modernised test to meet future needs.
The super fund is open to the idea of using crypto ETFs to invest in the asset class, but says there are important compliance checks to tick off first.