Global fixed income manager, Payden & Rygel, has secured a mandate from Rest, with its Payden Absolute Return Investment (PARI) strategy selected to form part of the superannuation fund’s overall portfolio.
The PARI strategy is represented by GSFM in the Australian and New Zealand markets.
Charles Levinge, GSFM’s Head of Institutional Business, said the mandate will see the PARI strategy sit within Rest’s absolute return asset class.
“The key focus of the PARI strategy is on downside risk protection – with low correlation to equities, bonds and mainstream credit – and an overarching investment philosophy to preserve capital. It is a good fit with Rest’s portfolio. We are looking forward to partnering with Rest to deliver the best investment outcomes for its members” Mr Levinge said.
To read the media release, click here.
