NAB Custodian Services has replaced RBC Dexia Investor Services as backoffice provider for Bell Potter Funds Management’s $2.3 billion portfolio.
The mandate covers custody, unit pricing, retial registry, performance monitoring and post-trade compliance. Bell Potter Funds Management is responsible entity for the Bridgewater Pure Alpha and All Weather strategies in Australia. Head of the Bell Group, Colin Bell, said the decision to replace RBC was made by the board, with advice from a third-party consultant.
27/02/2007
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Investments
Australia’s sovereign wealth fund has added an active equity strategy from a local boutique manager to its emerging markets allocation and dropped one of its existing providers after signaling it had identified "inefficiencies" in the space.
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