Louise Watson
Global asset manager, Natixis Investment Managers, has announced the that its affiliate, Loomis, Sayles & Company has been awarded an AU180m US asset-backed securities mandate by the AU10.8bn superannuation fund, Statewide Super.
Louise Watson, Managing Director and Head of Distribution, Australia & New Zealand, for Natixis Investment Managers, said: “This mandate between Statewide Super and our affiliate, Loomis Sayles, means that the members of Statewide Super have access to a strategy that has been specifically built to reflect the current, low rate, environment. We’re pleased to be entrusted by Statewide Super via this new partnership with the important responsibility of delivering positive outcomes for their members.”
Alessandro Pagani, Head of the Mortgage and Structured Finance team at Loomis Sayles said: “We are so pleased to manage this mandate for Statewide Super, and believe that Loomis Sayles’ proven expertise in securitized credit investing is an excellent fit for their investment needs. We look forward to a long and productive partnership between Statewide Super, Loomis Sayles and Natixis Investment Managers.”
Statewide Super CIO Con Michalakis, said: “We appointed Loomis Sayles following a review of our defensive alternatives asset class at the end of last year. Cash gets you nothing and developed market sovereign bond yields remain low so by investing in this strategy I can get some yield pick-up.
” This mandate has been customised for Statewide Super and is targeting returns of cash plus 2 per cent to 3 per cent.