The $45 billion Rest was 2.2 per cent invested with GAM under a defensive alternatives mandate, and the $13 billion CareSuper was invested in the GAM Absolute Return Bond Fund, those reports
Praemium said the new portfolios would give it the most comprehensive range of domestic and international models with an SMA, and would help meet the growing demand from investor for globally diversified portfolios.
Globally, this is not the first time the firm is investing onshore. Its Ireland-based entity has a QFII quota of $200m, which was granted to the firm in 2014.
The partnership will enable both parties to provide their clients with a broader range of service offerings and co-investment opportunities in New Zealand, particularly in private debt and real estate.
Both properties are student housing spaces, located close to the University of Birmingham, University of Edinburgh, Heriot-Watt University, Edinburgh Napier University and Queen Margaret University.