Industry super fund Tasplan awarded a $265 million mandate to an international asset manager.
Robeco, bringing its aggregate Australian assets under management to about $2.5 billion, will manage the Tasplan funds in its enhanced low-volatility Global Conservative Equities strategy.
Tasplan head of listed investments and strategy Mark Williams explained: "Following a review of the equities asset classes leading into the successor fund transfer from the Retirement Benefits Fund, Tasplan made the decision to allocate a proportion of funds to low volatility."
"We have been in constructive dialogue with Robeco for some time and this was an opportune time to restructure," Williams said.
Robeco Australia head Stephen Dennis added: "The Robeco team has worked extensively with Tasplan on our conservative equities capability.
"Robeco's enhanced approach offers clients comfort as our process takes into account momentum and valuation - avoiding expensive generic low-vol stocks."