Pengana Capital has been on the winning end of three superannuation fund mandates worth more than $66 million directed to its Global Bond Fund.
Pengana announced this week that the three Melbourne-based funds — Combined Fund, Cuesuper and Pinnacle — had made allocations to the Global Bond Fund over the past three months, bringing total funds under management within fund to more than $186 million.
Commenting on the allocations, Pengana’s chief investment officer, Nick Griffiths, said given the state of the global recovery, an allocation to a diversified bond strategy made good sense.
He claimed that one of the benefits of the strategy was that it gave smaller institutional investors the opportunity to allocate to a range of higher performing fixed income strategies run by investment specialists in their respective classes.
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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