POWERED BY MOMENTUM MEDIA
Aurora awarded $30m mandate from Media Super
Aurora Funds Limited (Aurora) has announced that it has been awarded a $30 million mandate from Media Super into the Aurora Fortitude Absolute Return Strategy (AFARS).
Head of Aurora John Corr said the strategy had attracted interest from a number of other institutions.
"We believe our strategy offers investors an opportunity to take advantage of what could be a prolonged period of high volatility," said Corr.
AFARS focuses on extracting alpha from the Australian equity market through a range of processes, including merger arbitrage, convergence trades, and option strategies, Aurora said in its announcement.
"We believe the alpha generation is sustainable over time and is the right investment for these periods of heightened volatility," said Media Super CIO, Dr Jon Glass.
"The fund manager has demonstrated their ability to produce steady returns in volatile markets over a long time."
AUTHOR
Recommended for you
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment