POWERED BY MOMENTUM MEDIA
NAB Asset Servicing wins custody contract
Investment Science Asset Management has chosen National Australia Bank's Asset Servicing business to provide custodial and administrative services.
Consultants Foxrock led a competitive tender process which saw NAB Asset Servicing win the contract.
Investment Science chief investment officer David Toohey said NAB Asset Servicing's depth of resources played a key role in the appointment.
"We are very pleased to have NAB on board, which gives us options to expand our offering and to increase the sophistication of our investment approach," he said.
NAB Asset Servicing general manager for business development Boyd Lees said the company was well positioned to support the investment manager into the future.
"Investment Science is a high performing team - as recently demonstrated by their award as best multi-strategy fund at the Australian Hedge Fund Awards - and we look forward to partnering with them to provide the best outcomes for their clients," he said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
