Bank of New York Mellon's Australian equities boutique, Ankura Capital, has picked up an Australian equities mandate for Russell Investments as part of its newly-launched Australian Shares Enhanced Income Fund.
The mandate is the second won by Ankura as part of its Australian Equity High Yield strategy, with the boutique previously having been selected within ipac's AXA Generator.
Commenting on the mandate win, BNY Mellon Asset Management Australia managing director Bruce Murphy said it marked a particularly strong year for Ankura across both traditional long-only and high yield strategies.
Ankura chief investment officer Greg Vaughan said the fund's strategy had been developed to recognise both the increase in demand for income focused strategies and as a response to a lower growth investment environment.
The $75 billion fund has gained exposure to decarbonisation solutions in its first listed equities impact investment.
The superannuation fund is expanding its investment exposure to industrial property through a $1 billion partnership with Barings, a global investment manager.
AustralianSuper has usurped the Future Fund as the biggest Australian asset owner, jumping from 43rd to 36th place globally, according to an annual study by the Thinking Ahead Institute.
IFM Investors, the global institutional asset manager owned by superannuation funds, has signed a memorandum of understanding with the UK government to invest £10 billion by 2027.
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