Home / News / Bell wins $500 million mandate from Hostplus

Bell wins $500 million mandate from Hostplus

Rising demand for global small- and mid-caps has seen Bell Asset Management awarded a $500 million mandate from Hostplus.

“We look forward to working with Bell Asset Management to manage a global SMID strategy for Hostplus’ developed markets portfolio,” said Hostplus CEO David Elia. “Bell’s strong long-term performance record, the quality of the team and a disciplined investment approach were the key factors in our making them part of our growing and diversified portfolio. We expect this strategy to add resilience to Hostplus’ asset class structure in light of the increasing market uncertainty.”

Amidst the trend of in-house management, Hostplus has been one of the few super funds to stick with a heavily outsourced model, with CIO Sam Sicilia attributing its investment success in 2022 to its firm belief in active management and saying that active management “will continue to be the key to managing the continued volatility we are expected to see over the coming years.”

Bell’s Global Small and Mid-Cap strategy has outperformed the MSCI World SMID Cap index by +5.3 per cent per annum over the past five years, while its flagship Global Core strategy has outperformed the MSCI World index by 2.2 per cent per annum since its inception in 2003.

“We are delighted to have been selected by Hostplus, after an extensive due diligence process,” said Ned Bell, CIO at Bell Asset Management (photo at top). “We’re looking forward to working with the Hostplus team to manage funds on their members’ behalf. We understand the importance of this decision and greatly appreciate the opportunity.”

‘Don’t wait for APRA to blow the referee whistle’: Cole

While APRA “doesn’t feel the need to start each year with a shiny new set of initiatives”, it’s still planning on scrutinising super funds’ valuation practices and giving more “sub-scale” funds the nudge to merge in 2023.

Lachlan Maddock | 1st Feb 2023 | More
ISA, AIST explore merger for ‘a single voice’

The Australian Institute of Superannuation Trustees (AIST) is exploring a merger with Industry Super Australia as external pressure grows on industry associations and the funds they service.

Lachlan Maddock | 27th Jan 2023 | More
Why there’s a valuation standoff – and why it’ll end

While there’s widespread suspicion that “financial skullduggery” is afoot in private market valuations, the tricky part is the lack of comparisons in their fastest growing segment.

Lachlan Maddock | 27th Jan 2023 | More
‘An art, not a science’: 15 years of PE lessons from QIC
Lachlan Maddock | 5th Aug 2022 | More
‘In good markets and bad’, Super Fierce finds top 15 funds
Lachlan Maddock | 15th Jul 2022 | More