The $57 billion Rest super fund has returned to the global absolute return bond space with a $500 million mandate with Payden & Rygel.

Charles Levinge, GSFM head of Institutional business, said the central pillar of the new strategy was income generated from a “highly diversified and rigorously vetted” portfolio of global bonds.

“This stream of income provides the foundation from which the team adds shorter-term tactical views,” he said. “GSFM has an eight-year relationship with Payden & Rygel who manage over $2.8 billion in absolute return and global corporate portfolios on behalf of Australian Institutional and retail clients.”

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