Five Oceans Asset Management has picked up a $150 million global equity mandate with Local Government Super.
This comes after Catholic Super recently invested $80 million in the Five Oceans World Fund earlier in the year.
Local Government Super chief executive Peter Lambert said Five Oceans had been awarded the mandate based on having a strong investment process, a good track record and an awareness of responsible investing.
Five Oceans also recently took out the Global Equities (Long Short) category in the 2011 Money Management/Lonsec Fund Manager of the Year Awards — the sister publication of Super Review.
The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update.
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.
Pension funds in Australia and the UK are embracing recent developments that will facilitate the deployment of superannuation capital toward the energy transition in both countries.
With the Goldman Sachs’ S&P 500 long-term outlook occupying headlines over recent days, an Aussie economist has weighed in, noting that, while difficult to time, the US market is poised for a downturn.