Martin Currie announced today that it has entered into an international equities partnership with HESTA, one of Australia’s largest superannuation funds.
Under the terms of the agreement, HESTA, who have over 870,000 members with more than A$52 billion in assets under management, have appointed Martin Currie to become the underlying investment manager for a new global equites portfolio, in addition to the Global Emerging Markets portfolio they have managed since 2014.
The new mandate will be managed by the Edinburgh-based Global Long-Term Unconstrained (GLTU) team, headed up by Zehrid Osmani. The GLTU strategy is designed to provide sustainable long-term outperformance of the market from a high conviction portfolio, backed by proprietary and systematic fundamental research.
Central to the partnership is a fee pricing structure based across Martin Currie and HESTA’s full relationship, rather than on each individual investment capability in order to maximise value for HESTA’s member base. HESTA’s investment team also gains full access to Martin Currie’s global investment reach, through research insights and proprietary ESG resources and analysis across Global, Emerging Market and Australian equities.
Commenting on the appointment, Steven Semczyszyn, HESTA General Manager Growth, said:
"We are excited to be entering into this mutually beneficial partnership with Martin Currie. We look forward to working with a like-minded progressive partner like Martin Currie to drive towards better outcomes for HESTA and its members. The partnership will also assist us to achieve our carbon emission targets as part of our Climate Change Transition Plan."
Commenting on the appointment, Kimon Kouryialas, Co-Head Global Distribution, said:
"We are delighted that HESTA has demonstrated confidence in our international equities capabilities in awarding us this significant mandate. The team at Martin Currie are committed to delivering truly differentiated alpha and research to assist HESTA and its members in achieving their retirement goals."