POWERED BY MOMENTUM MEDIA
Link forecasts flat admin revenues
Major administration company, Link Market Services is forecasting flat revenues from its administration business over the next financial year as it continues to digest is acquisition of SuperPartners and accommodate mandate losses.
Link chief executive, John McMurtrie has told the company’s annual general meeting this week that fund administration revenues would likely remain as the underlying organic growth drivers of contracted price escalations and member growth were offset by the full-year impact of the Superpartners price discounts.
However he said the anticipated win of client, RBF was like offset the company’s loss of the Kinetic Superannuation mandate announced earlier this year.
While pointing to these issues, McMurtrie indicated the company remained the beneficiary of the recurring revenue inherent in superannuation administration.
“The underlying organic contributors of price escalators and core member growth in of our fund administration business continue to remain a positive feature of our business,” he said.
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
