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 March 2007 00:00
governance, represent, allocation, long/short, fowler, hesta, holds, acadian, robert, fund’s, awarding
Investments
Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.
Leave a Comment
You must be logged in to post a comment.