HESTA has re-worked a significant portion of its international equities portfolio, awarding $300 million in mandates to three global long/short equities managers.
The managers are: Acadian, which won a $110 million mandate, and AXA Rosenberg and AQR, which both won $95 million mandates. The managers have been appointed with the expectation that they outperform the benchmark by 5 per cent and thus drive “;HESTA’s strong growth in assets”;, HESTA investments and governance manager, Robert Fowler, said. The mandates represent 10 per cent of the fund’s international equities allocation. HESTA now holds $12 billion in funds under management, up from $9.8 billion at the beginning of the financial year.
20/03/2007
hesta, holds, acadian, robert, fund’s, awarding, governance, represent, allocation, long/short, fowler
Investments
Aware Super has backed the call for a legislative change that will introduce mandatory human rights due diligence for large Australian companies, as head of responsible investment Liza McDonald said it’s a “reasonable request” which will help asset owners understand and manage the governance risks in their portfolios.
Leave a Comment
You must be logged in to post a comment.