Key mandate for Towers Watson
 |
| Graeme Miller
|
The Australian Capital Territory Treasury has appointed Towers Watson to provide investment consulting advice.
Towers Watson announced the mandate this week, with the company saying that the advice would relate to the ACT Treasury’s investment assets, which are currently of the order of $3.5 billion.
The announcement said the appointment required Towers Watson to advise on a wide range of investment matters including strategic asset allocation and the selection of fund managers.
Towers Watson Australian investment business leader Graeme Miller said the ACT Treasury mandate represented high quality new business, which was a perfect fit with the company’s growth strategy.
AUTHOR
Mike Taylor
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
