Russell Investments has picked up an implemented investment mandate from small industry fund, NESS Super.
The mandate was confirmed by both NESS Super and Russell on Wednesday with confirmation that the fund had recently transferred $700 million into Russell’s management.
Commenting on the mandate, Russell Investments managing director, Australian Institutional, Jodie Hampshire said it would entail investment consulting and implementation advice as well as the delivery of investment strategies.
NESS Super acting chief executive, Peter Murphy said the fund had turned to Russell Investments in large part due to the firm’s experience with superannuation funds, its range of investment capabilities and willingness to engage in complexity.
