LUCRF Super has issued three new international equity mandates.
The fund announced today that it had appointed three new international equity managers: Arrowstreet Capital LP, MFS Investment Management and DFA Australia.
The mandates followed a review of asset classes by the fund that resulted in a restructure of the international equities sector in conjunction with consultant Tower Watson.
The restructure means a reduction in the fund’s allocation to Lazard and a termination of the Alliance Bernstein Global Style Blend product.
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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