RBC Dexia Investor Services has picked up the mandate to provide custody services to Wilson Asset Management’s (WAM's) portfolio of investment funds.
The mandate was announced this week by WAM principal Geoff Wilson, who said the decision had been based on RBC Dexia’s flexibility and willingness to accommodate WAM’s specific requirements and business objectives.
He said the decision had followed a comprehensive review of the various custody providers in the marketplace.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
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