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Media Release

Publication

The Australian Financial Review

Author

Sarah Thompson, Anthony Macdonald, Joyce Moullakis

Date

September 1, 2016

Research Coverage

Primary:
Secondary:

Bell Asset Management nabs NGS Super mandate

September 2016

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Bell Asset Management has snared a lucrative mandate from NGS Super, sources told Street Talk.

It's understood the $300 million mandate was awarded from the industry super fund after a review of its global equities portfolio.

Sources said NGS sought out a manager offering capital protection and with a history of minimising drawdowns in bear markets. NGS is an industry super fund for education and community-focused organisations.

Its website says it has more than 105,000 members and $6 billion in funds under management.

Bell Asset Management's majority shareholder is Bell Group Holdings, a privately-held company which also has a significant interest in ASX-listed stockbroking and advisory firm Bell Financial Group.

The asset manager is run by chief investment officer Ned Bell, son of stockbroking veteran Colin Bell.

Bell Asset Management's core focus is global equities. Perhaps helping it to secure new mandate, the firm out-performed the MSCI World index by 3.6 per cent over the 12 months to June 30.

Elsewhere, as revealed by Street Talk on Wednesday, Morgans sold 2.3 million shares in Corporate Travel Management at $17.10 apiece.

The $40 million block trade was on behalf of previous owners of businesses that have been bought by Corporate Travel Management.

Bell Asset Management has snared a lucrative mandate from NGS Super, sources told Street Talk.

It's understood the $300 million mandate was awarded from the industry super fund after a review of its global equities portfolio.

Sources said NGS sought out a manager offering capital protection and with a history of minimising drawdowns in bear markets. NGS is an industry super fund for education and community-focused organisations.

Its website says it has more than 105,000 members and $6 billion in funds under management.

Bell Asset Management's majority shareholder is Bell Group Holdings, a privately-held company which also has a significant interest in ASX-listed stockbroking and advisory firm Bell Financial Group.

The asset manager is run by chief investment officer Ned Bell, son of stockbroking veteran Colin Bell.

Bell Asset Management's core focus is global equities. Perhaps helping it to secure new mandate, the firm out-performed the MSCI World index by 3.6 per cent over the 12 months to June 30.

Elsewhere, as revealed by Street Talk on Wednesday, Morgans sold 2.3 million shares in Corporate Travel Management at $17.10 apiece.

The $40 million block trade was on behalf of previous owners of businesses that have been bought by Corporate Travel Management.