VicSuper awards $240m mandate

By Killian Plastow
 — 1 minute read

VicSuper has awarded a $240 million investment mandate to BNP Paribas Investment Partners’ growth equity partner, Carnegie Asset Management (CAM).

"We are delighted to have the opportunity to deliver consistent, long-term asset growth to VicSuper," said Carnegie managing director Bo Knudsen.

"We appreciate their confidence in awarding this mandate to CAM and we look forward to further building our relationship in the future."


VicSuper chief executive Michael Dundon added that the Danish portfolio manager would “play a key role as an active satellite” in the business’ global equites/satellite portfolio structure.

“We believe Carnegie’s solid investment approach, which is based on a concentrated, mega cap portfolio, will add consistent value to our members’ investment returns,” he said.

Carnegie Asset Management has worked with Australian clients since 2010. The company had assets under management of $17 billion as of 30 June 2016.

Read more:

Wingate AM names new chief executive

MySuper becoming a ‘conscious choice’: BT

ANZ to refund $28.8m in fees

Pension fund assets fall in 2015

AllianceBernstein to acquire asset manager

The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.


VicSuper awards $240m mandate
investordaily image
ID logo


related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.