POWERED BY MOMENTUM MEDIA
BNP Paribas continues as industry funds custodian
Industry superannuation funds Media Super and BUSS Queensland Building Super have retained BNP Paribas Securities Services as their custodian and investment administration provider after lengthy market reviews.
Media Super has been BNP Paribas' client since 2006.
Media Super chief executive, Graeme Russell, said the fund valued the relationship management and service offerings from BNP Paribas.
BNP Paribas managing director for Australia and New Zealand, David Braga, said: "Our strong partnership with them backed by quality service delivery combined with our market leading performance and risk analytics were key to the renewal of this mandate."
BUSSQ has been BNP Paribas' client since 2005. The super fund for the building, construction and civil industries has over 90,000 members and $3 billion worth of assets.
Recommended for you
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment