Asset picks up Anglicans

7 February 2006
| By Mike |

Asset Super has notched up another win in the corporate superannuation outsourcing stakes by announcing that it has picked up the Anglican Provident Fund.

Asset Super general manager, John Paul said that the $26 million, 200 member fund would complete its transfer to Asset Super in late April on the basis of Asset having agreed to replicate Anglican Provident’s socially responsible investment (SRI) option.

He said it was proposed that the new SRI option would subsequently become available to all members of Asset Super later this year, taking the fund’s investment choice offering to 10 options.

At the same time as announcing the Anglican Provident move, Asset Super said it would also be making a $160 million commitment to alternative investments over the next three years.

Paul said that on the advice of its asset consultant, Intech, Asset had given the alternative investment mandate to Quentin Ayers which would look at wide range of alternative investment categories including infrastructure, opportunistic property and development capital.

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