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Mercer picks up Qantas Super mandate
Qantas Super has appointment Mercer Investments as its principal investment adviser, displacing Towers Watson.
Announcing the mandate today, the super fund said Mercer would provide over-arching investment advice to Qantas Super as it continued to focus on its investment mission of maximising long-term risk-adjusted returns to members, net of taxes and investment expenses.
Qantas Super chief investment officer Andrew Spence said Mercer had been appointed for an initial five-year term following a confidential market review and selection process.
He said Arcadia Managed Investments would continue to provide the fund with specialist unlisted property advice.
Qantas Super chief executive Jane Perry said that under the agreement, Mercer would deliver a fully integrated, non-conflicted advice model with separate consultants for the Investment Committee and the Investments team.
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