UniSuper is in the process of diversifying its manager mix in some of its asset classes, as it prepares to launch single asset class options for members early next year.
David St. John, UniSuper chief investment officer, said the fund was looking to add another manager in international fixed interest. Currently the fund’s $1.1 billion in international fixed interest is managed by Blackrock. UniSuper recently added Perennial Investment Partners to its Australian fixed interest line-up, splitting its $2.7 billion in that asset class between the new manager ($1.3 billion), and existing managers Macquarie Funds Management ($1.3 billion) and Super Loans Trust ($10.5 million). St. John said the fund was planning on launching six new single asset class options and an SRI balanced option. The fund’s existing seven investment options are cash, capital stable, conservative balanced, balanced, growth, socially responsible shares and shares.
19/09/2006
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Investments
AustralianSuper's chief liquidity officer Chandu Bhindi has publicly proposed the idea of allowing some super funds to directly use leverage, enabling them to better manage liquidity requirements in crisis situations rather than being forced to sell assets at stressed prices. While the idea has some merits, overall it is not necessary and could increase system risk.
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