POWERED BY MOMENTUM MEDIA
Quadrant Super awards Babson $15 million mandate
Quadrant Super has awarded a $15 million global bank loan mandate to Babson Capital.
The mandate will consist of quality floating debt, and will be part of the fund's fixed interest allocation, according to Quadrant Super chief executive Wayne Davy.
The sovereign debt situations in the Eurozone and the US had created an unusual situation that Quadrant was looking to take advantage of, Davy said.
"In Europe and the US corporations are starved for capital because of what credit markets are doing, so there's a real opportunity to invest … you're really replacing what the banks are doing," Davy said.
Babson Capital was a manager that lent to high-quality corporates at the senior end of the debt structure, he added.
Good quality bank loans can give members 'equity-like' returns with a fixed-interest risk profile, Davy said.
Recommended for you
Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum.
Institutional investors have entered November with their largest pre-election equity allocation in two decades, according to new data.
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.
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(%)
