Widening credit spreads in the domestic corporate bond market have prompted one manager to advocate selective long-term buying in the sector, while a major superannuation fund sees better rewards for active credit in offshore markets.
The NSW Local Government Superannuation Scheme (LGSS) has allocated more than $700 million in new fixed income mandates while beginning a review of its $1 billion international equities portfolio.
Following a review of its strategic asset allocation (SAA) the $1 billion AvSuper will boost its alternatives portfolio by making its first allocation to global infrastructure.
Following a review of its strategic asset allocation (SAA) the $1 billion AvSuper will boost its alternatives portfolio by making its first allocation to global infrastructure.
The $6.1 billion NSW Local Government Superannuation Scheme (LGSS) has appointed the former head of real estate securities from MacarthurCook as its first chief investment officer.