Intech’s implemented consulting contract with the $650 million REI Super has been extended for another three years.
REI Super, whose 31,000 members are drawn from the property services sector, was able to negotiate a reduced fee from Intech thanks to its growth, according to the fund’s chief executive Mal Smith. Seven years into the implemented consulting relationship, REI Super’s investment profile bears some unmistakably Intech-style traits, such as exclusive use of concentrated portfolios in its tailored member investment choices. Smith said Intech’s recent purchase by Skandia would add to its capabilities and broaden its product suite.
20 February 2007 00:00
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Investments
Ryan Riedler, head of ASX core strategy, Australian equities at Cbus, says the fund will look to generate alpha locally through engagement and that internalisation will help it strengthen its connection with other market participants, as well as its brokers and service providers.
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