Auscoal Super has confirmed that it has completed a restructure of its $800 million fixed interest portfolio, announcing the appointment of five new managers with absolute return style strategies.
The managers to benefit from the new mandates are Franklin Templeton, Mondrian, Vianova, Schroders and Kapstream.
At the same time, the super fund said it had moved to exploit current opportunities in the global credit sector through the appointment of Alliance Bernstein and Banquo.
It said the remainder of the portfolio would be invested in Australian and global inflation-linked securities and longer-dated sovereign securities, with mandates being managed on an enhanced passive basis by Ardea, Pimco and Kapstream.
Commenting on the outcome of the restructure, Auscoal chief executive Bruce Watson said the fund had carefully chosen eight new fixed interest managers with the skill base to seek and exploit value opportunities within the fixed interest universe.
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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