legalsuper has swapped out five investment managers for six incoming managers, it announced on Monday.
After a 12 month review across its major asset classes conducted with its asset consultant Tower Watson, legalsuper said the review provided opportunities to secure savings in investment manager fees.
"We changed asset consultant in April 2013 and since then have been methodically reviewing all aspects of legalsuper's investment arrangements," legalsuper chief executive, Andrew Proebstl, said.
"These changes in investment managers refine legalsuper's for continued strong performance over the longer term."
legalsuper's incoming managers are:
Blue Owl Capital, a US asset manager with its eye on ‘marquee investors’ like super funds, has announced the appointment of a senior Future Fund executive as its newest managing director.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
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