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State Super awards Martin Currie mandate
Superannuation fund, State Super, has selected Martin Currie to be awarded with its Australian equity mandate.
Under the terms of agreement, Martin Currie would be managing this mandate for the team’s innovative retirement-focused equity income strategy.
State Super’s senior investment manager, Andrew Huang, said the fund was searching for the manager that would strike an appropriate balance between driving returns while reducing volatility and drawdown risk.
“After an extensive search, we chose Martin Currie Australia to work with us. Their equity income strategy is a strong fit with our members’ needs. The strategy is focused on providing high, stable and growing income returns, with lower volatility and drawdowns than the broader market,” he said.
Commenting on the appointment, Kimon Kouryialas, head of distribution, APAC for Martin Currie said: “We’re delighted to have been awarded this mandate and look forward to working closely with State Super in helping them to achieve their objectives for their members.
“We are continuing to build good momentum with institutional investors and wide recognition of our range of domestic income solutions, and our Asia Pacific Real income, Value Equity and Core Equity strategies.”
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