RBC Dexia Investor Services has picked up the mandate to provide custody services to Wilson Asset Management’s (WAM's) portfolio of investment funds.
The mandate was announced this week by WAM principal Geoff Wilson, who said the decision had been based on RBC Dexia’s flexibility and willingness to accommodate WAM’s specific requirements and business objectives.
He said the decision had followed a comprehensive review of the various custody providers in the marketplace.
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.