Energy Super awarded Dalton Nicol Reid the Australian equities mandate in an effort to work with investment managers that “added value”, according to a statement.
Energy Super chair Mark Williamson said: “Dalton Nicol Reid were able to exhibit the outstanding qualities needed to achieve investment success, including robust corporate governance, realistic strategies to achieve returns, and ease of administration, and effective cost management.”
“We look forward to an ongoing and successful partnership that helps us deliver consistent and above average returns to our members.”
Dalton Nicol Reid chief executive Robert White said: “Our strong focus on quality enhances returns when combined with a thorough valuation overlay.”
“This process combined with good alignment within the professional investment team has helped create a track record for managing portfolios that have historically outperformed the market.
“This mandate is a clear signal to the investment community that high quality active Australian equities managers will continue to be trusted to strengthen returns for members,” Mr White said.
The Dalton Nicol Reid Australian Equities High Conviction Portfolio recorded a 4.4 per cent outperformance of its S&P ASX200 benchmark for the year ended 30 April 2015, the statement said.
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