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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.
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