POWERED BY MOMENTUM MEDIA
State Street awarded mandate by StatePlus
State Street has announced it has been awarded a mandate from StatePlus, which is owned by First State Super, to provide custodian, investment administration and custody ancillary services.
The company said it already provided similar services for First State Super, which is one of Australia’s largest superannuation funds with a total of $90 billion in funds under management.
Under the terms of a deal, State Street would provide StatePlus with back office services that would include custody, unit pricing, performance and analytics, as well as compliance and tax services, it said.
StatePlus chief executive, Graeme Arnott said that State Street had made a strong commitment to technology in recent years and its expertise in this area would help provide sophisticated services to StatePlus.
“We have appointed StateStreet as our custodian to ensure we are well-positioned to support the continued growth of our business and to have the best long-term partners in place to help us meet current needs and future requirements,” he said.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
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(%)
