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Loomis Sayles secures Statewide Super mandate

By Reporter
 — 1 minute read

Statewide Super has awarded Loomis, Sayles & Company a $180 million US asset-backed securities mandate.

Loomis Sayles, a Natixis Investment Managers affiliate firm, has customised the mandate for the $10.8 billion superannuation fund, aiming for returns of cash plus 2-3 per cent.

Statewide Super chief investment officer Con Michalakis commented Loomis Sayles had been chosen after a review of the fund’s defensive alternatives asset class at the end of 2020.

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“Cash gets you nothing and developed market sovereign bond yields remain low so by investing in this strategy I can get some yield pick-up,” Mr Michalakis said.

Louise Watson, managing director and head of distribution for Australia & New Zealand at Natixis Investment Managers stated Statewide Super members will have access to a strategy that has been designed for the current low-rate environment.

 

 

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Loomis Sayles secures Statewide Super mandate
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