Superannuation fund, Sunsuper, and asset manager, PineBridge Investments, have announced they have entered an asset allocation partnership – Sunsuper’s Strategic partnership Program.
Under the terms of the agreement, both parties would share their expertise and resources, including asset allocation, for the benefit of Sunsuper’s members.
Australia’s retirement market, which is currently the fourth-largest and valued at $2.7 trillion, is forecast to increase to $6 trillion by 2025 due to the compulsory superannuation guarantee growth of 12%.
The partnership between the two firms would look to address and capitalise on this demand where investors would be looking for global growth opportunities.
“PineBridge is proud to support Sunsuper in providing dynamic asset allocation positioning across a wide range of 80 plus global asset classes, aiming to mitigate drawdowns and capture growth,’’ Michael Kelly, global head of multi-asset at PineBridge Investments said.
“With rigorous portfolio implementation, our investment strategy helps achieve investment objectives across all market cycles. It’s a time-tested, methodical, and repeatable process.”