Loomis Sayles is working on an alpha transfer product with the local arm of its distributor, IXIS Investment Management, and hopes to have something available in the next 12 months.
Loomis Sayles launched a global growth equities fund in July with a $100 million seed mandate from Telstra Super. That fund has $240 million in funds under management and will be launched in London next week. “Australia has been one of the key elements in the product,” Tom Davis, Loomis global growth portfolio manager, said. The global growth fund is fairly concentrated, with between 40 to 50 stocks and a maximum limit on holdings of 8 per cent. “We will not go more than 50 per cent either way of the benchmark,” Davis said. Mark Baribeau, vice president, said Loomis was currently in the process of designing the structure of the alpha transfer product.
10 October 2006 00:00
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Investments
Ian Patrick, chief investment officer of the $370 billion Australian Retirement Trust, says that integrated balance sheet management will “beyond a shadow of a doubt” become a more prominent feature in the superannuation industry as funds grapple with the compounding effects of their growing size, systemic importance and the liquidity needs of servicing a larger cohort of retirees.
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