Russell Investments will be responsible for the management of a majority of GTS’ $1.3 billion assets, across six asset classes: Australian shares, international shares, property, growth and defensive alternatives, fixed interest and cash.
“We undertook an extensive selection process involving rigorous due diligence; the appointment is aimed at delivering stronger investment performance for our 74,000 members," said GTS managing director Mario Pirone.
“We look forward to working collaboratively with our investment managers for the benefit of our members."
Mercer Investments will remain as the investment manager for GTS’s Australian direct property and unlisted infrastructure assets, GTS said.
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