The Australian Catholic Superannuation and Retirement Fund (ACSRF) has awarded Perennial Investment Partners a global equities mandate worth $100 million.
The money will be invested in the Perennial Global Shares High Alpha Trust — of which head of Perennial International, Clay Carter, said is a tribute to the team’s investment style, approach and performance.
“Our bottom-up stock picking style suited the ACSRF, who were searching for an investment strategy focused on uncovering good quality stocks in all markets, especially the fast-growing markets of the world,” he said.
Carter said the fund’s approach enabled them to find great opportunities, such as those in Brazil, Mexico and Korea, often overlooked by traditional global equities investors.
The $75 billion fund has gained exposure to decarbonisation solutions in its first listed equities impact investment.
The superannuation fund is expanding its investment exposure to industrial property through a $1 billion partnership with Barings, a global investment manager.
AustralianSuper has usurped the Future Fund as the biggest Australian asset owner, jumping from 43rd to 36th place globally, according to an annual study by the Thinking Ahead Institute.
IFM Investors, the global institutional asset manager owned by superannuation funds, has signed a memorandum of understanding with the UK government to invest £10 billion by 2027.
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