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.
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.