Mercer Investment Consultinghas picked up a significant new mandate being appointed by Western Australia’s (GESB) to provide a range of investment advisory services.
Announcing confirmation of the mandate today, business leader — Asia Pacific, said Mercer would partner with GESB to provide premium investment consulting services.
He said that the Mercer investment consulting team would build on the existing relationship with the fund’s investment team to create a highly collaborative relationship.
Mercer was selected by GESB following a tender process, with Cole saying he believed the firm’s investment research and technical capacity had given it the edge.
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.
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