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Alternatives win big mandatesBY KARREN VERGARA | THURSDAY, 22 OCT 2020 12:38PM
Alternatives asset managers won the most mandates last financial year, marking their best period yet, according to new research.Read more: Alternatives, IFM Investors, Macquarie, Rainmaker, Ardea Investment Management, Australian Catholic Superannuation Retirement Fund, Aware Super, Christian Super, Coolabah Capital Investments, Credit Suisse, First Sentier, Hostplus, Kapstream Capital, Mandate Chaser, NGS Super, Perennial, Wilshire, Yarra Capital
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information.
The advice group has appointed a head in Queensland, reporting to chief executive Terry Dillon.
Australia's exchange traded product market reached $115 billion at the end of June 2021, increasing 76% in 12 months - but according to Rainmaker research, only a small portion of that growth came from performance.
The chair of Clime Investment Management and one of its shareholders are calling for the removal of long-serving executive Neil Schafer.
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