AustralianSuper is diversifying operations and has appointed new equity managers with small mandates over the 12 months ended June 30, Investor Daily reports. Prominent mandates by the superannuation fund include a $406.8 million allocation to BNY Mellon-backed Ankura Capital and $158.5 million to Bennelong Australian Equity Partners.
Colonial First State Global Asset Management and Vanguard Sustainability Leaders Australian Shares Trust have received $157.9 million and $3.5 million, respectively. The fund has also added Fidelity Worldwide Investments to manage $525.3 million, which has since been raised to $1 billion. Vanguard Investors Australian Equities, which previously had $695.8 million, has been removed as manager.
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