…as fund targets risk first, then return

Sydney has been appointed an investment strategist, with responsibility for managing the Australian and international equity portfolios and multi-manager line ups.

Dwyer’s previous roles include research consultant at Mercer Investment Consulting in Sydney, consultant for Trowbridge Deloitte in Melbourne and actuarial analyst for William M. Mercer in

Perth.

As reported by I&T News in June, Steve
McKenna took up his new position as senior investment strategist last week,
with responsibility for debt and alternative investments. McKenna was
previously head of absolute returns at Everest Financial Group.

Based on strategy work carried out last
year, which reviewed the fund’s approach to debt within the portfolio, Hicks
said GESB was seeking a discrete approach to sovereign debt, which would sit as
a core focus within the portfolio, and a discrete approach to credit.

“It’s really just aggregating the total
debt portfolio into its core sovereign bucket which sits there as a long-term
permanent allocation within the portfolio, supplemented by credit and credit
strategies, that will form part of our alternatives portfolio,” she said.

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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