Sunsuper has awarded a multi-asset mandate to JP Asset Management as the two entities announce a "strategic investment management partnership".
In a statement announcing the partnership, Sunsuper manager for dynamic asset allocation Alastair Sloan described the mandate as "strategically important".
"The new strategic partnership with JP Morgan Asset Management will provide us with unrivalled access to their investment specialists, portfolio managers and research teams which will benefit our members," Mr Sloan said.
As part of the agreement with Sunsuper, JP Morgan Asset Management (JPMAM) will open up its research, investment and economic knowledge to the super fund.
"This partnership is focused on an innovative investment structure managed by JPMAM’s multi-asset solutions team based in New York and London," said a statement by JPMAM.
The relationship between Sunsuper and JPMAM is the first of its kind in Australia, and mirrors a similar model that the asset manager has formed with the Teacher Retirement System of Texas, said the statement.
A spokesperson for JP Morgan declined to reveal the size of the mandate.
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