Melbourne-based Media Super has appointed two Australian managers, Pensions & Investments reports. Fortitude Capital will manage a market-neutral strategy, while equities manager Merlon Capital Partners will handle a “low-beta” strategy for the $2.7 billion fund.
The fund is aiming to invest up to 5% of its assets in alternatives strategies managed by the Australian managers. The fund is also looking for another alternatives manager to include in the portfolio and is being assisted by Harbridge Investment Partnerships and Frontier Investment Consulting in the search process.
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