HESTA has signed active equities specialist Martin Currie Investment Management as its underlying manager for a new global equities portfolio.
Martin Currie has gained the new mandate with the $52 billion industry superannuation fund in addition to a global emerging markets portfolio it has managed for HESTA since 2014.
The new portfolio will be managed by Martin Currie’s global long-term unconstrained team, headed by former BlackRock senior portfolio manager and head of European equities research Zehrid Osmani.
HESTA general manager for growth, Steven Semczyszyn, said the partnership will help the industry fund achieve its carbon emission targets, as part of its climate change transition plan.
The two companies stated they have a fee pricing structure across their full partnership, rather than on each individual investment capability.
HESTA has also gained full access to Martin Currie’s global investment reach, through research insights, ESG resources and analysis across global, emerging market and Australian equities.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
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