Trust Company picks up new mandate
Trust Company has picked up a key superannuation mandate, with Financial Synergy subsidiary Top Quartile Management awarding it a $200 million mandate to act as trustee for a number of superannuation funds.
Commenting on the mandate, Trust’s executive general manager of institutional services, Vicki Allen, said it represented a significant win for the company.
The list of funds to be migrated to Trust includes Austock Brokers Superannuation Fund, GrowSuper Model Super Fund, Super Synergy Fund, Synergy Secure, Top Quartile Super Trust and Wealthcare Super Service.
According to Trust, Financial Synergy will continue to administer the funds while Trust will oversee compliance, investment of fund assets, communication, accounting and administration.
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(%)
