Legalsuper redeems hedge fund mandate
Legalsuper has redeemed a $38 million mandate with hedge fund manager Aurora LLC, according to fund chief executive Andrew Proebstl.
The funds will be integrated back into legalsuper’s equities portfolio as part of a shift to slightly increase equities exposure in the fund’s diversified options, Proebstl said.
The shift was decided as part of the outcome of a review with legalsuper’s asset consultant, JANA, which was completed in December, he said. This will likely result in further funds being redirected towards equities, he added.
Legalsuper still has a couple of other smaller hedge fund mandates that are ongoing, Proebstl said.
Recommended for you
The firm has forecast stronger global growth and higher inflation in 2026, signalling that central banks may be nearing the end of their easing cycles.
Despite ASIC’s scathing review of private credit funds, including concerns around valuation inconsistencies and mixed liquidity practices, the asset class grew 9 per cent in the last 12 months.
The fund has joined forces with Macquarie Asset Management in a USD500 million deal targeting infrastructure-linked businesses across global markets.
With ESG investing in focus as COP30 begins this week, new MSCI reports highlight how private-sector funding is driving progress, and why businesses must strengthen their resilience to climate risks in the years ahead.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
211.16 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
