VicSuper has awarded a $320 million investment mandate to global fixed income investment manager Colchester Global Investors.
The superannuation fund said the appointment “adds diversity” to the fund’s fixed income portfolio’s return drivers.
“Colchester will play a key role as a ‘satellite’ fixed income manager,” said VicSuper chief executive Michael Dundon.
“We believe that Colchester’s value-oriented philosophy, based on income generated in real terms, complements our own approach extremely well. We look forward to a successful ongoing relationship with Colchester.”
Colchester Global Investors Singapore managing director Paul Allen said the company was pleased with the decision.
“We are delighted to be partnering with such a highly regarded and awarded superannuation fund,” he said.
“We look forward to delivering long-term performance for the fund, which will in turn assist VicSuper’s members in reaching their retirement goals.”