NAB Asset Management-linked global equity boutique, Intermede Investment Partners has picked up a mandate from TWU Super.
Confirming the mandate this week, Intermede chief executive, Barry Dargan described it as “significant”.
“We’ve now been managing the same global equities strategy for three years with US$1.8 billion ($2.4 billion) in funds under management (FUM), and this mandate is testament to the quality of the team, the robustness of our process and a proven track record,” he said.
Intermede is a bottom-up, research lead investment manager that looks for companies with demonstrated long-term sustainable competitive advantage, which allows them to continue to deliver higher growth and returns than the industry in which they operate
TWU Super chief investment officer, Andrew Killen, said the fund was pleased to add a high-quality boutique like Intermede to its investment strategy.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.