Ausbil Investment Management has been awarded a $330 million Australian equity mandate by MTAA Super for its Australian Active Equity Strategy.
The Ausbil Australian Active Equity Strategy, managed by Chief Executive Officer, Paul Xiradis, and his team, is a large cap, long-only Australian equities offering, targeting outperformance across all market conditions.
Ross Youngman, Head of Institutional Business at Ausbil, said the mandate win strongly reflected Ausbil’s commitment, team, process, performance and market positioning.
“We are delighted to welcome the $9.6 billion MTAA Super as a client. This is a long term business and the mandate win re ects the continued demand from institutional investors for an experienced team like Ausbil that has performed consistently over long periods,” Mr Youngman said.
An MTAA Super spokesperson said the Fund was pleased with the new manager appointment and was looking forward to strong performance into the future from this investment.
MTAA Super utilised the services of its asset consultant Whitehelm Capital.
“Recent feedback from the market has been very positive regarding Ausbil as we have re- engaged with the institutional marketplace and outlined our positioning for the next phase of our growth in conjunction with our strategic partner New York Life,” said Mr Youngman.
“Interest levels for our New York Life affiliates, in particular, the Candriam Sustainable Global Equity strategy and the Mackay Shields Unconstrained Bond strategy, are also strong,” said Mr Youngman.
