POWERED BY MOMENTUM MEDIA
Legalsuper redeems hedge fund mandate
Legalsuper has redeemed a $38 million mandate with hedge fund manager Aurora LLC, according to fund chief executive Andrew Proebstl.
The funds will be integrated back into legalsuper’s equities portfolio as part of a shift to slightly increase equities exposure in the fund’s diversified options, Proebstl said.
The shift was decided as part of the outcome of a review with legalsuper’s asset consultant, JANA, which was completed in December, he said. This will likely result in further funds being redirected towards equities, he added.
Legalsuper still has a couple of other smaller hedge fund mandates that are ongoing, Proebstl said.
AUTHOR
Recommended for you
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.
All merger proposals will have to be approved by the consumer watchdog under the sweeping merger reforms announced by the government on Wednesday.
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