POWERED BY MOMENTUM MEDIA
AB gets $140m Prime Super mandate
Global asset manager, AllianceBernstein (AB) has been awarded a $140 million mandate by superannuation fund Prime Super to manage a short-duration global credit portfolio.
The portfolio aims to protect the fund's members' fixed income allocations in an uncertain global interest-rate environment.
Commenting, Prime Super chief executive, Lachlan Baird said "we are looking for a degree of protection from this uncertainty by investing in a portfolio of traditional fixed-income assets with the relatively little duration, or exposure to interest-rate risk, but which has at the same time the potential for returns through a modest exposure to credit".
AB chief investment officer for global credit, Ashish Shah, said the portfolio offers conservative interest-rate risks similar to bank deposits with a more diversified credit risk profile, and high potential return thanks to investment in corporate bonds.
Recommended for you
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.
The $100 billion fund has appointed a new deputy CIO from within.
The $149 billion fund has named new directors following the departure of three outgoing board members.
The Association of Superannuation Funds of Australia (ASFA) has announced changes to its structure, marking an “exciting phase of growth” for the organisation.
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(%)
