Industry super fund Energy Super has appointed Robeco a $650 million global equity enhanced indexing mandate.
Their indexing strategy aimed to deliver better than market returns after costs whole integrating value, momentum, quality and sustainability factors in the investment process.
The mandate was managed by Robeco’s Quantitative Equities team, which consisted of more than 40 portfolio managers and quantitative researchers.
Stephen Dennis, head of Robeco Australia, said the appointment by Energy Super followed the strategy’s strong performance track record.
“This strategy is an attractive solution for superannuation funds looking for enhanced market returns, while improving the sustainability profile of their portfolios,” Dennis said.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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