The $3 billion ACT Government Super scheme has replaced its long-time asset consultant, Frontier Investment Consulting.
Garry Cartwright, manager of the ACT Government’s superannuation unit, said Russell Investment Group was appointed after a competitive tender and was judged as the best able to offer the fund the best value. Russell already performs some actuarial work for the unit. Frontier had been the consultant for the combined funds of the ACT Government’s superannuation liabilities – now approaching $3 billion – for the past five years. Cartwright said he expected the new consultant to conduct a review of the current asset allocation over the next month. “They’ll come and pass their eyes over the portfolio,” he said. The fund decided against the implemented consulting option earlier this year, following a review by Bob Officer, former chair of Victorian Funds Management Corporation.
5 June 2007 00:00
current, frontier, conduct, approaching, cartwright, russell, they’ll, victorian, consultant, allocation, corporation, option
Investments
Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.
Leave a Comment
You must be logged in to post a comment.