POWERED BY MOMENTUM MEDIA
Mercer Global Investments seeds Invesco Multi-Strategy
Mercer Global Investments has become the seed Australian investor in Invesco’s Multi-Strategy Fund as part of its multi-strategy hedge fund mandate.
Mercer said it would be targeting a 10 per cent allocation within the alternatives asset class, while the balance would remain invested across 11 other strategies.
Commenting on the mandate, Mercer Global Investments chief investment officer Russell Clark said there had been several supporting factors underpinning the decision to appoint Invesco, including that the fund incorporated a range of strategies Mercer believed would provide attractive diversification benefits.
He said that in its due diligence process, Mercer had been impressed with the high level of transparency in the investment process and the thought that had been put into the portfolio construction process.
AUTHOR
Mike Taylor
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
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(%)
