POWERED BY MOMENTUM MEDIA
Sunsuper gives Record $350m currency mandate
Sunsuper has awarded specialist currency manager, Record Currency Management, a $350 million mandate.
The mandate was an active currency portfolio, which would aim to generate risk-adjusted returns using Record’s Currency Multi-Strategy product, a factor-based currency investment strategy.
Unlike currency hedging, which would focus on risk mitigation, Record’s active strategies would allocate across currency risk premia and, as return-seeking products, were designed to capture the main drivers of return in currency markets.
Record chief executive, James Wood-Collins, welcomed the establishment of a mandate in Australia.
“Currency Multi-Strategy passed its fifth anniversary in 2017, and we are very pleased to add an Australian client to our existing Multi-Strategy client base,” he said.
“We look forward to continuing our engagement with Australian investors, in respect of both return-seeking and hedging opportunities.”
The mandate was referred to in Record’s fourth quarter trading update on 20 April, and had since been funded.
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
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