Global equities boutique manager, Bell Asset Management, has been award a $130 million global small and mid-cap equity mandate from Energy Super.
The manager’s global small and mid-cap strategy aimed to provide investors with an additional growth alternative in global equity portfolios, as well as helping diversify investors’ concentration risk to mega and large-caps.
“We are seeing increasing demand for this segment of the market as investors look for pockets of opportunity and alpha,” Bell’s managing director, strategy and distribution, Rob Sullivan, said. “We look forward to building a strong and long partnership with Energy Super and delivering the best results we possibly can to its members.”
BlackRock boss Larry Fink praised Australia’s superannuation system in his annual chairman’s letter.
The prudential regulator has announced it will publish new expenditure data of superannuation funds, providing details on expenses like advice, director remuneration, and payments to unions.
Affirming the UK’s growing attractiveness as an investment destination, a number of Australia’s largest investors recently joined the UK Foreign Secretary for an exclusive briefing in Canberra to discuss further opportunities for trade and growth.
The specialist superannuation law advisory practice is set to wind up, with managing partner Jonathan Steffanoni planning to bring a new offering to market.
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