VicSuper has announced a key mandate – that of Colchester Global Investors to handle a $320 million fixed income mandate.
The superannuation fund said the appointment of an active, absolute return oriented global bond manager would add diversity to its current fixed income portfolio’s return drivers, so that VicSuper could continue to generate strong and consistent returns for its members.
Commenting on the mandate, VicSuper chief executive, Michael Dundon said Colchester would play a key role as a “satellite” fixed income manager.
“We believe that Colchester’s value-oriented philosophy, based on income generated in real terms, complements our own approach extremely well. We look forward to a successful ongoing relationship with Colchester,” he said.
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
The $91 billion fund has doubled down on its data security, alongside enhancing its investment strategy, with two key appointments.
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.