Big property industry fund Rei Super has opted to continue its long-standing relationship with Intech Investment Consultants by reappointing the firm for another three years.
The renewal of the $650 million mandate was confirmed yesterday, with Rei chief executive Mal Smith commenting that the recent acquisition of Intech by Skandia would add to the firm’s strong investment capabilities and provide a wider suite of products.
The renewal of the mandate comes after an extensive due diligence process undertaken by Rei Super and continues a six-year relationship between the fund and Intech.
Dan Farmer, chief investment officer of MLC Asset Management, has detailed how its super fund allocations have evolved and whether the fund will consider investing in bitcoin.
Australia’s superannuation capital has been positioned to play a larger role in south-east Asia’s economic development under a new government-backed deal.
Superannuation funds have become the dominant force behind Australia’s private markets boom, fuelling unprecedented growth and reshaping manager operations.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.