AUSCOAL Super, Warners Bay, Australia, hired Acadian Asset Management to run A$97.5 million ($88.9 million) in a managed volatility global equities, according to an Acadian news release.
“We are attracted by the managed volatility concept because we expect it will reduce the risk within our portfolio without sacrificing returns,” Bruce Watson, CEO of the A$5.2 billion fund, said in the release. He could not be reached for additional information.
Nigel Adam, Acadian spokesman, could not be reached for further information by press time.
