Brad Boyd, a senior vice president and member of the firm’s five-person investment strategy team, said on a regular visit to Australia last week:

“As we consider ourselves a ‘solutions-based’ manager, we designed the strategy, which we could have done in various ways. The aim was a positive, stable and dependable return without too much downside… We have a lot of tools and we thought that 2-3 percent above LIBOR is a reasonable return over a long period of time… But we will also build a bespoke portfolio with a specific target for investors, as we have done for Australia’s Sunsuper.”

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