POWERED BY MOMENTUM MEDIA
VicSuper rejigs Australian equities mandates
VicSuper has awarded almost $1 billion in mandates to five Australian equities managers.
AllianceBernstein, Perpetual, Tribeca Investment Partners and SG Hiscock were awarded $165 million each while Vinva received $330 million.
The super fund said the appointments were part of a strategic investment review that had been underway for 18 months and resulted in drawdowns from its BlackRock and SSgA investments.
VicSuper targeted highly active benchmark unaware managers to populate its satellites, which hold approximately 40 per cent of its Australian equities.
"We're pleased to add the expertise and diversity of this range of managers in order to further strengthen fund performance and achieve the best possible outcome for our members," said VicSuper's chief investment officer Oscar Fabian.
"Also, in line with our commitment to sustainability, all of the newly appointed managers integrate environmental, social and governance (ESG) factors into their investment process."
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
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(%)
