Investment management firm BlackRock has secured a $450 million Australian equities mandate from MTAA Super.
"Our Australian equity team has delivered strong performance across a broad suite of products both in the institutional and retail markets," BlackRock managing director Maurice O'Shannassy said.
"This good performance has also assisted our balanced funds which have also delivered strong returns for investors over the last few years".
The mandate follows earlier appointments to the group by Mercer Global Investments, TASPLAN and Prime Super.
At December 31, 2007, BlackRock's assets under management were US$1.357 trillion.
The firm manages assets on behalf of institutions and individuals worldwide through a variety of equity, fixed income, cash management and alternative investment products.
