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Estudiantes desplazados por el huracán María terminan su bachillerato en Nueva York en medio de la pandemia
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Frontier Debt Shines as Unlikely Haven in World of Rising Rates
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Statewide Super hires Loomis to manage asset-backed securities
Loomis, Sayles & Co. to manage A$180 million in U.S. asset-backed securities.
The mandate has been customized for Statewide Super and is targeting returns of cash plus 2% to 3%, according to a news release by Boston-based Loomis parent company, Natixis Investment Managers.
Con Michalakis, Statewide Super s chief investment officer, said in a written response that the Loomis strategy will be a new addition to the fund s defensive alternatives allocations, with funding for the investment coming from cash and fixed income.
As of the June 30 close of its latest fiscal year, Statewide Super s MySuper default option reported allocations of 6% to defensive alternatives, 8% to diversified bonds and 6% to cash.
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