POWERED BY MOMENTUM MEDIA
Hewitt scores key BHP Billiton mandate
Barely 12 months after arriving in Australia, British-based Hewitt Investment Consulting has won a major superannuation mandate.
Hewitt’s principal consultant in Australia, Richard Block confirmed this week that the firm had been retained by the big 5,000 member BHP Billiton Superannuation Fund to provide investment consulting services in Australia.
Block said that while the BHP Billiton Fund would be maintaining an implemented consulting service provided by Russell, Hewitt would be providing independent strategic advice.
He said that Hewitt had won the mandate as part of a tendering process and that the firm had been appointed to provide services to BHP Billiton in a number of other countries.
AUTHOR
Mike Taylor
Recommended for you
The sovereign wealth fund grew $11.5 billion in the March quarter, according to its latest portfolio update, having previously voiced caution about inflation’s downward trajectory.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
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
62.62 3 y p.a(%)
3
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.95 3 y p.a(%)
4
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
5
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
Add new comment