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
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
