POWERED BY MOMENTUM MEDIA
Russell wins NESS Super mandate
Russell Investments has picked up an implemented investment mandate from small industry fund, NESS Super.
The mandate was confirmed by both NESS Super and Russell on Wednesday with confirmation that the fund had recently transferred $700 million into Russell’s management.
Commenting on the mandate, Russell Investments managing director, Australian Institutional, Jodie Hampshire said it would entail investment consulting and implementation advice as well as the delivery of investment strategies.
NESS Super acting chief executive, Peter Murphy said the fund had turned to Russell Investments in large part due to the firm’s experience with superannuation funds, its range of investment capabilities and willingness to engage in complexity.
AUTHOR
Mike Taylor
Recommended for you
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
