11 May 2009 13:00
The $750 million Perth-based MasterSuper fund is understood to have changed master custodians from May 1.
The 12,500-member fund for current and former employees of the Elders Futuris group is understood to have transitioned from BNP Paribas Securities Services to JPMorgan Worldwide Securities Services, following an internally-run review process.
The CEO of MasterSuper, Mark Sladden, has previously said the fund does not speak to the press.
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Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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