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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Despite the dizzying technological innovations in China and the investment opportunities that come with them, Team Super chief investment officer Seamus Collins says some risks, including weaker investor protection, make him hesitant to allocate large chunks of the portfolio to the world’s second-largest economy.
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