Industry fund AvSuper has replaced JANA with Frontier Advisors as its primary investment consultant.
Following a tender review process conducted by KPMG, AvSuper has appointed Frontier Advisors as its investment consultant after nine years with JANA, according to a statement.
The change will be effective as of 1 January 2018.
Commenting on the appointment, Frontier chief executive Damian Moloney said the company was delighted to be chosen by AvSuper.
“This is a strong endorsement of our unique customised, knowledge sharing approach to providing advice and research, an approach which is strongly aligned to our client’s best interests and, ultimately for a fund like AvSuper, the interests of members as well,” he said.
AvSuper investment committee chair Denise Allen said, “We have had a great relationship with JANA for nine years, and want to thank them for their service over that time.
“Now we are excited to start work with Frontier.”
Established in 1990, AvSuper is a profit-for-member fund that provides benefits to the aviation and aviation safety industries with over 6,500 members and over $2.2 billion funds under management.
As the world ramps up its response to the coronavirus outbreak, an investment manager has projected a GDP contraction of around 15 per cent ...
Systemic risk has hit an all-time high, a financial services giant has reported, with the coronavirus pandemic continuing to take hold of t...
One of the world’s largest investment banks says it’s impossible to tell when the global economy will reopen for business as draconian c...