POWERED BY MOMENTUM MEDIA
Perpetual wins AVSuper mandate
AVSuper has awarded Perpetual Investments a $75 million Australian equities mandate for its concentrated equities strategy.
The strategy is a broad capitalisation Australian equities portfolio which holds a small number of stocks across a range of sectors, according to portfolio manager Paul Skamvougeras.
The public offer fund undertook a comprehensive review of its Australian equities mandates last November, which resulted in a $100 million mandate to Cooper Investors and the cessation of a mandate with AllianceBernstein.
Investa Property Group also received $50 million as older property assets were wound down, AVSuper chief executive Michelle Griffiths said.
AVSuper has $1.4 billion in funds under management and 6100 members.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 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