POWERED BY MOMENTUM MEDIA
Sunsuper and PineBridge enter partnership
Superannuation fund, Sunsuper, and asset manager, PineBridge Investments, have announced they have entered an asset allocation partnership – Sunsuper’s Strategic partnership Program.
Under the terms of the agreement, both parties would share their expertise and resources, including asset allocation, for the benefit of Sunsuper’s members.
Australia’s retirement market, which is currently the fourth-largest and valued at $2.7 trillion, is forecast to increase to $6 trillion by 2025 due to the compulsory superannuation guarantee growth of 12%.
The partnership between the two firms would look to address and capitalise on this demand where investors would be looking for global growth opportunities.
“PineBridge is proud to support Sunsuper in providing dynamic asset allocation positioning across a wide range of 80 plus global asset classes, aiming to mitigate drawdowns and capture growth,’’ Michael Kelly, global head of multi-asset at PineBridge Investments said.
“With rigorous portfolio implementation, our investment strategy helps achieve investment objectives across all market cycles. It’s a time-tested, methodical, and repeatable process.”
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
