Industry fund Sunsuper has awarded Neuberger Berman a multi-asset class mandate, forming the basis of its multi-asset class strategic partnership with the firm.
The mandate will allow Sunsuper access to Neuberger Berman’s globally diversified portfolio, which actively allocates across 12 of the firm’s strategies, a joint statement said.
According to the statement, the partnership will also encompass tailored research aimed at generating improvements to Sunsuper's investment methodology including its asset allocation.
Neuberger Berman Australia joint managing director Paul O’Halloran 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.
“We believe the partnership will provide excellent results and that both sides will benefit from this joint research.”
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.”
Neuberger Berman multi-asset class chief investment officer Erik Knutzen said the firm is “excited” about its first strategic partnership in Australia.
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