Boutique funds manager Solaris Investment Management has been awarded a mandate to become part of Colonial First State’s FirstChoice Boutique Australian Share Fund line-up.
The Brisbane-based boutique announced the mandate today, with managing director Denis Donohue saying it had taken funds under management to $3.4 billion since its inception in January last year.
He said total funds under management had grown rapidly thanks in part to the confidence shown by advisers and institutional investors in the company’s boutique Australian equities funds management model.
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.
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