US-based Windham Capital Management has received a $150 million mandate from an industry super fund in Australia.
The new mandate marks the first mandate in the Australian market for Windham Capital Management.
Apostle Asset Management, who represents the fund manager in Australia and New Zealand, said that the mandate has been allocated into Windham’s risk regime investment strategy used in the US.
The investment objective of the mandate will be CPI + 5% and will follow a similar strategy to that managed by Windham in the US, but with the addition of Australian assets to the allocation.
Greg Johnson, director of Apostle Asset Management, said: "Most multi-asset class managers use various valuation metrics in their asset allocation decisions whereas Windham focus entirely on risk and managing those risks to offer a diversifying approach."
Lucas Turton, chief investment officer of Windham, added: "Our risk management approach combined with access to our research and insights is seeing considerable interest growing in both Australia and the US."