Australian Catholic Superannuation & Retirement Fund hired Parametric Portfolio Associates to run a roughly A$500 million ($372 million) tax-managed international equity indexing strategy for the A$7 billion Sydney-based fund.
Greg Cantor, Australian Catholic Superannuation’s CEO, said in a news release that seeking out “new solutions” to bolster net investment returns for members is becoming increasingly important. Parametric’s tax managed indexing strategy should contribute to that goal, Mr. Cantor added. His comments were in a Parametric news release posted on Australian Catholic’s website.
Mr. Cantor couldn’t be reached for further comment.