Cbus Super, Carlton, Australia, allocated A$200 million (US$180 million) to Lazard Asset Management's Global Thematic (ex-Australia) Fund.
Trish Donohue, investments & governance manager for the A$13.5 billion construction and building industry superannuation fund, said the long-term, benchmark-neutral nature of the strategy was appealing, according to Investment & Technology newspaper.
Earlier this year, Cbus pulled a global equity account from AllianceBernstein.
Michael Bailey is editor of Investment & Technology, Sydney.
