Australia’s superannuation fund, AustralianSuper,has awardedanewmandate worth $350 million to Bentham Asset Management, Financial Standard reports. The segregated global loan mandate will focus on global credit markets and U.S. and European senior secured loan markets.
Bentham will use a sub-advisory arrangement with Credit Suisse Alternative Capital’s Credit Investments Group for security selection. The actively managed fund is handled by portfolio manager, principal and managing director, Richard Quin, with Nik Persic and Mark Fabry. The mandate, issued in the March quarter, will raise Bentham’s funds under management to $2 billion.
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