Absolute return fund manager HFA Asset Management (HFAAM) has been awarded a $50 million investment mandate from the Westpac Staff Superannuation Plan.
Absolute return fund manager HFA Asset Management (HFAAM) has been awarded a $50 million investment mandate from the Westpac Staff Superannuation Plan.
The money has been mandated to the HFA Diversified Investments Fund, which invests in 50 core managers and uses 11 investment strategies.
HFA is a new player in the institutional space. About 95 per cent of its $9 billion in assets under management was generated by the retail market.
The Westpac mandate represents HFA's first institutional mandate in six months.
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