QSuper hires SSgA for "tax-aware" mandates

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AUSTRALIA - Superannuation fund QSuper hired State Street Global Advisors (SSgA) to run A$10bn (US$8.5bn) in passive strategies that will provide pre-tax returns that match their respective benchmarks, SSgA said.

SSgA will manage an Australian equities, international equities and global REIT passive mandates. The strategies will be run in what SSgA called "tax-aware portfolios". The strategy takes into a...

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