Sunsuper has awarded a large diversified mandate to Neuberger Berman that will form the basis of a multi-asset class strategic partnership.
Sunsuper’s partnership with Neuberger Berman accesses a globally diversified portfolio actively allocating across 12 of Neuberger Berman’s strategies. It will enable real time access to market opportunities across asset classes, and promote well-timed discussion of investment ideas. It also encompasses tailored research aimed at generating practical improvements to Sunsuper’s investment methodology, including its asset allocation.
Sunsuper spokesperson Alastair Sloan said: “The collaborative partnership with Neuberger Berman is an integral part of Sunsuper’s growth strategy, and an evolution of our investment approach. It demonstrates our serious intention to research opportunities together, share asset allocation views and enhance our investment processes and returns to members”.
Paul O’Halloran, joint managing director of Neuberger Berman Australia, said: “The Sunsuper team undertook an in-depth and detailed process in assessing us. It involved ensuring Neuberger Berman was the right fit culturally, and in terms of our range of investment capabilities, and our approach to research.
“To make a structure like this work takes serious commitment from all those involved. We believe the partnership will provide excellent results and that both sides will benefit from this joint research.”
Neuberger Berman’s multi-asset class chief investment officer, Erik Knutzen, said: “While Neuberger Berman has a number of strategic partnership relationships globally, we are excited about our first effort in Australia.
“The level of sophistication inside Australian superannuation funds is well recognised internationally, and Neuberger Berman looks forward to working with the high caliber investment team at Sunsuper.
Sunsuper is one of Australia’s largest and most awarded superannuation funds.
As a profit-for-members fund, Sunsuper has been taking care of its members’ superannuation savings since 1987 and has more than one million members and $33 billion in funds under management.
Sunsuper also manages the superannuation needs of nearly 90,000 employers across Australia.
Sunsuper has more than 600 staff across Australia with offices in Brisbane, Sydney, Melbourne and Perth.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 19 countries, Neuberger Berman’s team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management.
Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $237 billion in client assets as of September 30, 2015.
Neuberger Berman Australia gained a licence to operate in Australia in April 2011.
For more information, please visit our website at www.nb.com.
For further information please contact:
Phone: 0412 403 375
Phone: 03 9649 0906
Phone: 03 9649 0912