LGIAsuper awards Brandywine with $100m EM debt mandate
Queensland’s superannuation fund, LGIAsuper, has awarded Brandywine Global, an affiliate of Legg Mason, a $100 million emerging market debt mandate.
The funds would be invested via the Brandywine Global Sovereign Credit fund, which was first launched in 2012, and invests in bonds with high real yield.
The fund is measured against the Barclays Capital 60/40 Sovereign Credit Index and looks beyond short-term, conventional thinking to rigorously pursue long-term value, the firm said.
According to director of institutional business for Legg Mason, Colin Taylor, the fund managed to achieve results for investors by focussing on assets that were mispriced and trading significantly below measures of fair value.
“Brandywine Global also benefits by identifying investments that its macro research suggests could face positive information surprises,” he added.
“At LGIAsuper we are always looking for new ways to benefit our members and the mandate with Brandywine provides us a new opportunity to do this,” LGIAsuper chief executive, Kate Farrar, said.
“We are excited to see the benefits that this partnership with Brandywine Global will bring.”
AUTHOR
Oksana Patron
Recommended for you
The winners have been announced for the 2025 Super Fund of the Year Awards, held in Melbourne on 26 November by Money Management's sister brand Super Review.
Data and technology provider Novigi has acquired Iress’ superannuation consulting and managed services business from Apex Group.
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
