POWERED BY MOMENTUM MEDIA
HESTA and Martin Currie enter international equities partnership
HESTA has appointed Martin Currie Investment Management to be the underlying investment manager for a new global equities portfolio.
The international equities partnership mandate will be managed by the Edinburgh-based global long-term unconstrained team whose strategy is designed to provide sustainable long-term outperformance of the market from a high conviction portfolio, backed by proprietary and systematic fundamental research.
“Central to the partnership is a fee pricing structure based across Martin Currie and HESTA’s full relationship, rather than on each individual investment capability in order to maximise value for HESTA’s member base,” the superannuation fund said.
“HESTA’s investment team also gains full access to Martin Currie’s global investment reach, through research insights and proprietary environmental, social and governance (ESG) resources and analysis across global, emerging market and Australian equities.”
Commenting on the appointment, Steven Semczyszyn, HESTA general manager growth, said: “We are excited to be entering into this mutually beneficial partnership with Martin Currie.
“We look forward to working with a like-minded progressive partner like Martin Currie to drive towards better outcomes for HESTA and its members. The partnership will also assist us to achieve our carbon emission targets as part of our Climate Change Transition Plan.”
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment