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HOSTPLUS and IOOF award new mandates
Fund manager Neuberger Berman Australia (NBA) has continued its expansion into the Australian market with two new mandates from HOSTPLUS and IOOF.
HOSTPLUS awarded a $90 million emerging markets mandate to NBA, and IOOF gave the fund manager a $200 million mandate in global equities.
NBA first ventured into the Australian market by winning a $100 million global tactical asset allocation mandate from Colonial First State.
NBA senior vice president Lucas Rooney said that Australian institutions had shown a high level on interest in NBA's global equities capabilities, including emerging markets.
"Our strategies give client portfolios access to a much broader range of companies than many managers because of the specific orientation of our research work, our investment process, and our teams' particular beliefs," Rooney said.
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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(%)
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