HESTA awards IFM $500m mandate

HESTA awards IFM $500m mandate

Industry superfund HESTA has awarded a $500 million mandate to IFM Investors, to be put into global indexed equities.

HESTA chief investment officer Rob Fowler said Australian superannuation funds “increasingly require access to bespoke global equity capabilities” and that HESTA is pleased to work with IFM on this strategy.

“We believe IFM Investors’ long-term focus will continue to benefit our members,” he added.

IFM chief executive Brett Himbury said the strategy is the result of “extensive collaboration” between IFM and its clients, and described the mandate as a “significant milestone” for the company.

“In a competitive landscape, the launch of a robust, cost-effective Global Indexed Equity strategy demonstrates our clients’ willingness to engage with IFM Investors in product development,” he said.

More to come:

Sentry teams up with IRESS

Crestone finalises UBS Wealth buy-out

US Federal Reserve keeps rates on hold

Commonwealth Bank appoints new board member

China Growth Fund ‘fit for purpose’: AMP Capital


HESTA awards IFM $500m mandate
investordaily image
ID logo
promoted stories


investordaily image

Fortnum hires former Centric Wealth CEO

Staff Reporter

Deborah Ralston

SMSF Association names new chair

Katarina Taurian

Curtis Cifuentes

Avenir Capital hires investment director

Staff Reporter


Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton

Greg Kuhnert

Backing China in the Year of the Dog

Greg Kuhert

investordaily image

The benefits of good data governance

Steve Singer