Omega Investors launches new strategy
Specialist investment manager Omega Global Investors has announced a new government bond strategy.
The company said the strategy had been co-developed with Local Government Super and breaks new ground in the delivery of risk-controlled asset management in the emerging field of sustainable investing.
It said Local Government Super had awarded an initial $170 million mandate to the Sustainable Global Government Bond Fund, to be managed by an investment team jointly led by senior Omega investment executives Mathew McCrum and Andrew Gruskin.
"The strategy is leading edge - in fact we believe it to be an Australian first, and one of just a handful created around the world.
"It was co-developed over nine months between Omega and LGS, which is an industry super fund with a deep commitment to ESG and a signatory to UNPRI principles on sustainable investment practices," Omega director of investments McCrum said.
"The strategy integrates with Omega's existing risk-controlled approach to fixed income investing, built upon our proprietary financial health rating filters," he said.
"Our aim is to choose global government bonds derived from fiscally robust and politically stable nations but which also pass meaningful ESG filters. These include nations with strong environmental awareness and governance standards, and with sound score cards in the areas of regulation and human rights," McCrum said.
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