POWERED BY MOMENTUM MEDIA
Intrust Super awards $40m mandate to Dalton Nicol Reid
Hospitality super fund Intrust Super has awarded a $40 million mandate to Australian equities fund manager Dalton Nicol Reid.
Intrust Super holds around $1.6 billion in assets under management, and provides superannuation to 130,000 members and 10,000 employers.
“Dalton Nicol Reid’s long-term outperformance and its efficient investment process focusing on quality stocks were key factors in the decision to award this mandate,” Intrust CEO Brendan O’Farrell said.
The Dalton Nicol Reid Australian equities high conviction portfolio ended December 2013 on a 10-year high of 4.2 per cent per annum.
“Our long-term business strategy has been to expand our presence in the institutional space of the investment management industry and we are beginning to see the benefits of this strategy come to fruition,” Dalton Nicol Reid acting CEO Justine Hickey said.
Dalton Nicol Reid’s mandate comes after a $200 million mandate awarded by IOOF MultiMix in October last year.
Recommended for you
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.
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
31.73 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
30.15 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.71 3 y p.a(%)
