Martin Currie gets State Super mandate
Martin Currie has announced it has been awarded super fund mandate from a $43 billion superannuation fund, State Super.
According to chief executive of State Super (SAS Trustee Corporation), John Livanas, Martin Currie was selected due to its innovative retirement-focused equity income strategy.
"We are focused on meeting the needs of our members, many of whom are approaching retirement age. As our members’ investment horizons continue to narrow, we looked for a manager that strikes an appropriate balance between driving returns while reducing volatility and drawdown risk,” State Super’s senior investment manager, Andrew Huang, said.
The firm’s equity income strategy was launched more than eight years ago to help address the issues of maintaining and improving the standard of living in retirement.
“We are continuing to build good momentum with institutional investors and wide recognition of our range of domestic income solutions, and our Asia Pacific Real Income, Value Equity and Core Equity strategies,” Martin Currie’s APAC head of distribution, Kimon Kouryialas, said.
AUTHOR
Oksana Patron
Recommended for you
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
The alternative asset manager has expanded its Singapore office with a head of Asian distribution, representing a “critical step” for the Asian business, where it is seeking to launch new offerings.
Six Australasian sustainable funds closed in the last quarter, according to Morningstar, while 39 per cent of all strategies saw outflows during the period.
The bank and financial services firm has appointed its next CEO for Australia and New Zealand, while its previous chief for the region takes up a new position.
