The Coalition has pledged to give young Australians access to up to $50,000 in their retirement savings to get a toehold in the housing market. Super funds say it will only further inflate property prices.
Listed property, which found investor favour in 2024, is better positioned to weather market volatility with institutions eyeing improving valuations and development opportunities. For overseas players, a weaker Australian dollar is a bonus.
JANA awards $385m to Causeway
(Pictured: Neil Wild)
JANA Investment Advisers has awarded a A$385 million mandate through its implemented consulting unit to Causeway Capital Management for global equities.
Causeway, which is represented in Australia by Neil Wild and Michael Dorph, is an LA-based value manager for global equities. The firm, which was established in 2001 and has total funds under management of about US$30 billion, also offers a quant-based emerging markets strategy.
The JANA deal takes Causeway’s Australian client base to six funds, with mandates for the US manager totaling A$2.5 billion.
JANA’s implemented consulting unit last year merged with that of sister company MLC. It has about $28 billion under management. The consultant also advises another 100-odd clients with assets totaling $245 billion.
