AUSCOAL Super has awarded a $97.5 million managed volatility mandate to Boston-based Acadian Asset Management.
The strategy seeks to provide equity-like returns from global markets with significantly less risk than capitalisation-weighted indices, according to Acadian.
“We are attracted by the managed volatility concept because we expect it will reduce the risk within our portfolio without sacrificing returns,” said AUSCOAL chief executive Bruce Watson.
“This should help us in our objective to deliver high value, low cost retirement products to our members.”
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.
All merger proposals will have to be approved by the consumer watchdog under the sweeping merger reforms announced by the government on Wednesday.
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