State Super picks up 23% of Frontier Advisors
NSW-based State Super has picked up a 23% stake in institutional investment firm, Frontier Advisors.
State Super announced its move, describing it as a strategic partnership, which will deliver State Super a seat on the Frontier Advisors board alongside industry funds such as AustralianSuper, Hesta, Cbus and First Super.
The fund, said that the transaction would also facilitate the movement of State Super’s dedicated investment inside Frontier to create a new independent Chief Investment Officer service to support members.
Commenting on the move, State Super chief executive, John Livanas said the collaboration with Frontier would provide members with continuity and security by retaining access to the technical skills of the specialist team already managing their funds.
Frontier chief executive, Andrew Polson said the arrangement ensures State Super’s decumulation investment expertise remains unconflicted whilst adding capability to Frontier.
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