AUSTRALIA - The A$17bn ($17.3bn) Sunsuper superannuation fund has retained Mercer as its investment consultant for the next three years.
Sunsuper, which appointed Mercer as its investment consultant in June 2008, said the new contract includes a tailored set of investment services including strategic asset allocation, portfolio construction, boutique manager research and investment operations consulting.
"Mercer's specialist knowledge across a broad range of areas complements Sunsuper's in-house investment team," said Sunsuper CIO David Hartley. "The research insights that come out of the interaction between Sunsuper's 15 Sydney-based investment professionals and Mercer's asset class boutiques have helped us to identify opportunities and respond to changing market conditions.
"Mercer's ability and willingness to tailor services for Sunsuper is the way of the future for consulting firms as they seek to provide services to internal teams that are growing and becoming more sophisticated."
Graeme Mather, business leader for Mercer's investment consulting business in Australia and New Zealand added: "The re-appointment reinforces Mercer's ability to deliver deep, specialist expertise that provides clients with the resources they need to enhance their investment strategies and operations.
"Our business has been evolving for several years in recognition of a growing client call for niche and deep advice across asset classes and also per industry sector. We have been building on our specialist frameworks, created to service clients more efficiently and to provide them access to greater insight."
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