Bennelong Funds Management has won a crucial institutional mandate, having its Australian equities fund placed on MAP Superannuation Plan’s multi-manager portfolio and Australian equities fund of fund offering.
MAP Superannuation Fund's chief investment officer Ross Endres said the Bennelong mandate had followed a review of all asset classes.
He said the review had focused on getting the right mix of active managers given the anticipated economic and financial market environments over the next three years.
Commenting on the mandate, Bennelong’s director of distribution, Andrew Aitken, said he believed it reflected the fact that Bennelong was one of the few managers to gain momentum during a difficult time for equity markets.
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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