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Omega wins Ibbotson mandate
Ibbotson Associates will invest an undisclosed sum in Omega Global Investors' Global Corporate Bond Fund, taking Omega's total funds under management past the $400 million mark.
Ibbotson selected Omega due to the appeal of its management and the diverse portfolio of the Global Corporate Bond Fund itself, according to Ibbotson Associates' head of fixed income and currency, Brad Bugg.
Ibbotson was looking to reallocate investments from international sovereign bonds to global corporate bonds, Bugg said.
"We wanted an investment team that could deliver us diversity and risk-controlled exposures in our international corporate bond investments, while still delivering an attractive yield. Omega's specialist experience in managing global bonds, paired with the firm's ability to effectively manage risk and their flexible, boutique approach, really appealed."
The Ibbotson mandate follows global mandate deals with Medibank and TelstraSuper in July this year.
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