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
Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.
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