Intrust Super awards $40m mandate to Dalton Nicol Reid

27 February 2014
| By Malavika Santhebennur |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 4 months ago
Kevin Gorman

Super director remuneration ...

1 year 4 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 4 months ago

Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transf...

4 hours ago

The International Monetary Fund (IMF) has issued a sobering assessment of the global economic landscape in its latest World Economic Outlook, dramatically revised after D...

7 hours 15 minutes ago

Growth from the listed company’s key businesses has propelled Generational Development Group to new milestones in the three months to 31 March....

7 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND