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Russell Wins Qantas Super FX Mandate

Russell Implementation Services has been selected by Qantas Superannuation to offer foreign exchange services.

Russell Implementation Services has been selected by Qantas Superannuation to offer foreign exchange (FX) services, Pensions & Investments reports. The subsidiary of Russell Investments will offer FX services to the fund’s active global equity and alternative investments.

The $6 billion fund outsourced the foreign exchange services mandate to save up to $1 million every year. The FX model was set up in 2003 and has passed $86 million in total cost savings for global equities funds and other institutional clients until now, adds Financial Standard.

Click here for the story from Pensions & Investments.

Click here for additional coverage from Financial Standard.


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