Sunsuper gives Record $350m currency mandate

The mandate was an active currency portfolio, which would aim to generate risk-adjusted returns using Record’s Currency Multi-Strategy product, a factor-based currency investment strategy.

Unlike currency hedging, which would focus on risk mitigation, Record’s active strategies would allocate across currency risk premia and, as return-seeking products, were designed to capture the main drivers of return in currency markets.

Record chief executive, James Wood-Collins, welcomed the establishment of a mandate in Australia.

Related News:

“Currency Multi-Strategy passed its fifth anniversary in 2017, and 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.”

The mandate was referred to in Record’s fourth quarter trading update on 20 April, and had since been funded.

Related Content

7 major super funds could see fees slashed

The Protecting Your Super legislation that passed the Senate last week could see the fees slashed to less than three per cent on five million superann...Read more

Sunsuper launches advice fee caps

One of Australia’s superannuation funds, Sunsuper, has announced the introduction of financial advice fee caps to ensure that financial advice ...Read more

Super fund members sticking to MySuper options

In the face of the policy emphasis currently on superannuation account consolidation, research by Vanguard has shown that very few people rollover the...Read more



Add new comment