State Super has awarded a global equities manager mandate to global investment manager Neuberger Berman.
State Super senior investment manager Andrew Huang led the tender process, reporting Neuberger Berman had presented its newly designed Global Equities Data-Science Integrated (GEDI) flagship strategy.
The strategy uses investment insights gained from data science to boost its existing ESG and research processes.
“We ran a lengthy open search process to take care of and potentially allocate to underexplored investment ideas with long-term alpha potential,” Mr Huang said.
“To us, Neuberger Berman appears to be meaningfully ahead of the curve in building and implementing this approach (GEDI). We believe that supporting fundamental research with a solid data-science and ESG discipline will be a growing advantage over time.”
Lucas Rooney, head of institutional business for Neuberger Berman in Australia said GEDI portfolio manager and research funds chief investment officer Hari Ramanan had designed the approach.
“It takes new techniques like this to be different enough from the crowd to matter for client portfolios,” Mr Rooney said.
Neuberger Berman established its data science team three years ago.
The firm now manages US$330 billion ($502.9 billion), with US$83 billion ($126.5 billion) in listed equity investments.
State Super on the other hand, has around 100,000 members and had assets totalling $44 billion, as at 30 June 2019.
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.
You can contact her on [email protected].
Two-thirds (66 per cent) of Aussies want to hear more from their super fund about their investments and protecting their super amid the unc...
Middle-income earners are forced to spend their retirement nest egg quickly or lose access to more disposable income from the age pension, a...
Labor MP Andrew Leigh has scrutinised the retail superannuation segment, after two funds paid less than half of their early release claims w...