The Australian Government Employees Superannuation Trust (AGEST) has awarded Macquarie Funds Management a $25 million long/short Australian equities mandate.
AGEST will invest in the Macquarie Alpha Opportunities Fund.
The fund takes about 100-130 per cent in a long position and up to 30 per cent in a short position.
"AGEST is a successful and progressive fund who have awarded an important mandate to us, further endorsing the strength of our active Australian equities capability, adding to a strong year of Australian equities growth for Macquarie Funds Management," head of distribution Bruce Murphy said.
