Health Industry Plan

Investment Strategy

Prime Super and HIP to merge

Prime Super and Health Industry Plan (HIP) have announced an intention to merge in order to create a combined fund of $2.4 billion in assets and 150,000 members. The new fund will be known as Prime Super, it will be headquartered in Melbourne and will go live on May 1st. The deal has taken a […]
Investment Strategy

NAB Asset Servicing wins two more mandates

National Australia Bank’s Asset Servicing business continues to win mandates from mid-ranking fund managers with the announcement of two new contracts with investment manager, Atrium Investment Management, and Fitzpatrick Private Wealth. NAB AS will provide administrative services to Atrium, a Sydney based multi-asset manager with just over $600 million in funds under management. Fitzpatricks is […]
Investment Strategy

NAB Asset Servicing wins ISAM mandate

National Australia Bank’s Asset Servicing business has added another $300 million to its assets under custody after winning a contract with Adelaide-based fund manager, Investment Science Asset Management. The mandate win comes after a competitive tender process from Investment Science, undertaken by consultants Foxrock, and is the NAB’s second mandate from a mid-ranking fund manager […]
Investment Strategy

State Street wins latest custody battle

State Street Corporation has scored a win over main rival National Australia Bank in the custody sector, winning a custody mandate from $625-million fund, Christian Super. The appointment follows a review of its custody arrangements by the fund, with chief executive Peter Murphy saying that Christian Super’s strong growth in the last few years had […]