Brighter Super dumps active managers amid volatility concerns

Brighter Super - the A$31 billion Australian superannuation fund formed in July 2021 from the merger of Energy Super and LGIAsuper - has terminated a number of active equity mandates in favour of passive managers amid continued concerns over the direction of global financial markets. “Equity markets have a little more pain to wear. We still haven’t seen an end to downgrades or supply shocks or [pressures from] inflation," Fiona Mann, head of listed equities and ESG at Brighter Sup…