Auscoal, the $5.1 billion industry fund, is reviewing its asset consultant amid plans for the fund to build its internal investment team.
Jennifer McSpadden, marketing manager at Auscoal, said that the internally-conducted review was part of Auscoal’s standard procedure of reassessing its long-term asset consultant every few years, but that the fund was also looking to bolster its internal capabilities. Watson Wyatt has been assisting Auscoal (or its predecessor funds) for the past seven years. I&T News understands that competing asset consultant, Mercer IC, is a strong contender in the review. Mercer IC was a consultant to one of AusCoal’s predecessor funds before a merger of the NSW and Queensland coal industry funds created AusCoal in 2004. It is understood Watson Wyatt has never lost a client to another advisory consultant over 25 years of operating in Australia.
25 September 2007 00:00
understands, consultant, contender, advisory, wyatt, watson, created, auscoal, merger, competing, assisting, predecessor
Investments
Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.
Leave a Comment
You must be logged in to post a comment.