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BlackRock wins $450 million mandate
By Lorna Thornber
International investment management firm BlackRock has won a $450 million Australian equities mandate with MTAA Super.
The mandate, which places BlackRock’s Sydney-based Australian equities team in charge of MTAA Super’s tax-aware, quantitative Australian equities portfolio, follows appointments last year with several other large institutional investment firms, including Mercer Global Investments, TASPLAN and Prime Super.
“This appointment further reinforces our position of market leader when it comes to managing portfolios on an after-tax basis,” said BlackRock Australian equities chief investment officer Ken Liow.
“This is an area where we are providing truly innovative solutions to industry leaders at a time when they are recognising the benefits of managing their investments on an after-tax basis.”
New York-based BlackRock is one of the world’s largest publicly traded investment management firms with US$1.357 trillion in assets under management.
18 March 2008
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