IFM was a logical choice for the $300 million cash mandate, according to Cbus executive manager - investment strategy, Kristian Fok.
“IFM is a proven debt specialist and they have an extensive record to prove it,” he said.
“At Cbus, we were attracted to the manner in which IFM runs a disciplined cash process with strong risk controls.”
IFM’s competitive fee structure and record of outperformance was also attractive, he added.
Scott Barker, investment director of IFM’s Debt Investments Team, said the growth in cash funds under management was a significant achievement, and came on the back of support from a number of long-term investors.
“We are pleased that our investors recognise and value our abilities and track record in cash investment management,” he said.
“We believe that cash should be simple for our investors; our job is to manage the complexities and nuances and remain true to label. We are proud of our steady, consistent cash returns and we are pleased that this is being recognised by a growing number of investors.”
