Global asset manager, AllianceBernstein (AB) has been awarded a $140 million mandate by superannuation fund Prime Super to manage a short-duration global credit portfolio.
The portfolio aims to protect the fund's members' fixed income allocations in an uncertain global interest-rate environment.
Commenting, Prime Super chief executive, Lachlan Baird said "we are looking for a degree of protection from this uncertainty by investing in a portfolio of traditional fixed-income assets with the relatively little duration, or exposure to interest-rate risk, but which has at the same time the potential for returns through a modest exposure to credit".
AB chief investment officer for global credit, Ashish Shah, said the portfolio offers conservative interest-rate risks similar to bank deposits with a more diversified credit risk profile, and high potential return thanks to investment in corporate bonds.
Blue Owl Capital, a US asset manager with its eye on ‘marquee investors’ like super funds, has announced the appointment of a senior Future Fund executive as its newest managing director.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
Add new comment