Bennelong Australian Equity Partners (BAEP) has picked up a key mandate, being appointed AMP Capital Investors Future Direction Australian Share Fund’s Australian equities mandate.
BAEP said it had been appointed to manage 14 per cent of the fund’s portfolio alongside AMP Capital Investors, BlackRock, Ausbil Dexia, JF Capital Partners, Platypus Asset Management and Tyndall Asset Management.
The mandate represents a breakthrough for BAEP, which was founded in July last year as a joint venture between Paul Cuddy, Mark East and Bennelong Funds Management.
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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