Frontier replaces PATRIZIA as Prime Super’s asset consultant

Prime Super has replaced German investment manager PATRIZIA with Frontier Advisors as its new asset consultant, following what the $8.5 billion profit-to-member superannuation fund claims was a comprehensive and competitive selection process.
The fund, which has deep roots in regional and rural Australia, said it selected Frontier based on the strength of its consulting team, the depth of its research and portfolio construction capabilities, and its strong cultural alignment with the fund.
General Manager of Investments at Prime Super, Michael McQueen, said the partnership represents an important step in the fund’s continued evolution.
“The investment team focuses on delivering both risk-aware returns and value for money to our members. The support and advice we receive from our asset consultant play a critical role in achieving this goal,” McQueen said.
“Frontier will play an important supporting role as we strengthen our internal capabilities and continue to shape the portfolio in line with our long-term objectives. We look forward to working closely with them in the years ahead.”
Although Prime Super has relieved PATRIZIA of its asset consultant role, the German firm will continue to work with the fund as an investment manager.
Meanwhile, Frontier Advisors, which already contains several of the nation’s largest funds among its customers, continues to increase its influence in the sector.
Chief Executive Officer at Frontier, Andrew Polson, said the firm was pleased to add Prime Super to its client roster.
“New opportunities to work with super funds do not come along often, so we are very excited to add a fund like Prime Super to our client group, especially a fund with a clear strategy and a strong focus on its members,” Polson said.
“We know we can add value and ultimately help deliver great retirement outcomes for Prime Super members across the country.”
Frontier will commence the role on 1 June.









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