Canberra-based economic consultancy, Access Economics, has made further inroads into the asset consulting domain with the announcement that it has been appointed by South Australia’s Statewide Superannuation Trust.
The appointment has been announced by Statewide chairman Peter Edmonds, who says Access will assist the trustee in the ongoing development of its investment strategy.
He says the appointment of Access Economics has been the result of a long and exhaustive tender process.
“We received excellent submissions and believe Access Economics is well-placed to assist the trustee going forward,” Edmonds says.
While Access Economics is best known for providing independent economic research and commentary, it has also been building a solid reputation in the asset consulting arena.
Access has been marketing itself as providing conflict-free and thoroughly researched investment advice to trustees across the full range of strategic and operational investment issues, including asset allocation, risk management, manager selection and alternative investments.
Statewide Superannuation Trust was one of the first industry superannuation funds to venture into the master trust arena, and in February moved to expand the Auswide Master Trust product it launched almost two years ago by broadening the choice of investment options from 50 to more than 80.
The new investment managers announced by Statewide include Credit Suisse Asset Management, Deutsche Asset Management, Maple-Brown Abbott, Perpetual and UBS Global Asset Management.
