Record Currency Management has won a $350 million mandate from Queensland-based industry fund Sunsuper.
Currency hedging service provider Record Currency Management has announced Sunsuper has awarded it a currency management mandate.
The mandate is an "active currency portfolio" which aims to seek returns through Record’s factor-based currency investment strategy, the statement said.
“While currency hedging focuses on risk mitigation, Record’s active currency strategies allocate across currency risk premia and are return-seeking in nature, designed to capture the main drivers of return in currency markets,” it said.
Commenting on the announcement, Record chief executive James Wood-Collins said the firm was “delighted” to be awarded the mandate by the industry fund.
“We are very pleased to add an Australian client to our existing multi-strategy client base,” he said.
“We look forward to continuing our engagement with Australian investors, in respect of both return-seeking and hedging opportunities.”
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