Telstra Super has handed JANA Investment Advisers its asset consulting mandate, supplanting Russell Investments in the role.
The mandate was announced by Telstra Super chief executive Martin Crowe, who said it followed an extensive selection process begun in November last year.
He said that review had been conducted by consultant Tom Babic, who had been tasked with reviewing only top tier asset consulting firms.
In announcing the change, Telstra Super said it ended a 15-year relationship with Russell as an asset consultant but that Russell would be continuing as the fund’s actuary.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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