Russell Investment Group has announced a number of renewed mandates, including the $3 billion , the $400 million and the $500 million (the ).
As well as the renewed mandates, Russell announced it had been appointed to a new strategic advisory role for a locally based, $5 billion financial services institution.
Announcing the appointments, Russell’s managing director, institutional investment services, said they reinforced the company’s commitment to the investment consulting business following the group’s merger with in September, 2004.
He said Russell was pleased to have been reappointed in circumstances where any merger between the two large organisations necessitated a certain amount of change and reorganisation of resources.
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.