Industry super fund, NGS Super, has awarded a $300 million global equity mandate to Bell Asset Management (BAM).
NGS chief executive, Anthony Rodwell-Ball, said Bell's emphasis on capital protection and history of minimisation of drawdowns in bear markets was a compelling reason to appoint them.
"Bell Asset Management's investment approach, proven track record over 13 years and the ability to deliver consistent levels of alpha over differing market cycles was a stand-out factor during a recent review of our global equities portfolio," Rodwell-Ball said.
Also commenting on the mandate, Bell's managing director, Rob Sullivan, said: "We look forward to building a strong and long partnership with NGS Super and delivering the best results we possibly can to its members".
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
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