VicSuper has awarded Carnegie Asset Management (CAM) a $240 million global equities mandate.
VicSuper's chief executive, Michael Dundon, said Carnegie would play a key role as an active satellite in their global equities core/ satellite portfolio structure.
"We believe Carnegie's solid investment approach which is based on a concentrated, mega cap portfolio, will add consistent value to our members' investment returns," Dundon said.
CAM's managing director and portfolio manager, Bo Knudsen, said: "We appreciate their confidence in awarding this mandate to CAM and we look forward to further building our relationship in the future".
CAM has $17 billion in total assets under management as at 30 June 2016 and is BNP Paribas Investment Partners' global growth equity partner.
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
In an address to the National Press Club last week, the incoming chair of Australia’s sovereign wealth fund said institutional investors could play a role in the winding road towards net zero.
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