Netherlands-based funds manager, Robeco has been awarded a mandate from industry fund, HESTA.
The fund manager announced this week it had received a mandate from HESTA for its global conservative equities strategy.
Robeco Australia head, Stephen Dennis said the fund had been working closely with the HESTA investment team for a period of time and were delighted to be entrusted by such a prestigious client.
He said the Robeco strategy, using the company's proprietary quantitative method was a good fit for superannuation funds looking to capture global equity returns with less risk.
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 transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.