Deal to buy big Aussie custodian is close

National AS is understood to be competing with Northern Trust to run the middle office for QIC, which is swiftly globalising in its requirements now that its major client, QSuper, is building its own investment arrangements.

Both National AS’ Leigh Watson and BNY Mellon AS’ Brian Slade refused to comment on the situation.

 

 

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Why Team Super won’t trade against its own managers

In an environment where markets are becoming ever more concentrated, the $21 billion Team Super is happy to wear plenty of active risk from its managers and won’t use overlays to make up for underperformance.

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