Russell Investments secures key Tasmanian DB mandate

Russell Investments has secured a key implemented investment mandate in the form of the Tasmanian Public Sector Superannuation Commission.

Russell announced this week that the mandate would see the company helping the Tasmanian fund manage its $1.9 billion in defined benefit assets.

Confirming the mandate, Russell Investments head of Australian institutional, Jodie Hampshire said the firm looked forward to working with the Tasmanian Office of the Superannuation Commission.

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“Our role will feature investment consulting and implementation advice as well as the delivery of cutting-edge, multi-asset investment strategies to deliver strong outcomes for each defined benefit scheme in the fund, in accordance with the commission’s needs,” she said.

Russell was awarded the mandate following an extensive selection process undertaken by the Tasmanian Public Sector Superannuation Commission.

The director of the Office of the Commission, Adrian Christian said Russell had been selected in large part due to its long-established superannuation heritage and experience in implemented consulting, particularly with respect to complex defined benefit funds.

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