Frontier Advisors appointed asset advisor to the University of Adelaide
Frontier Advisors has been appointed as independent asset adviser to The University of Adelaide following an extensive evaluation process.
The firm would work on the strategy, structure and monitoring of the university’s endowment fund which would fund research projects, prizes and scholarships.
This would be the fifth Australian university to appoint Frontier as its independent asset advisor, including fellow Group of Eight (Go8) members, Monash University and the University of NSW.
Frontier also worked with Deakin University and the University of Tasmania.
According to Peter Prest, acting chief operating officer at the University of Adelaide, some of the factors that led to this appointment were Frontier’s unconflicted advice model, market leading reputation, and its Adelaide-based staff.
“Frontier offers leading capability across the critical areas we need to consider in the stewardship of the University’s endowment funds,” he noted.
“They have excellent knowledge of the university sector, a strong performance record and, as somewhat of an added bonus, their team will be led by a university alumna.”
The firm said it was a “tremendous privilege” to work with the University of Adelaide.
Andrew Polson, chief executive of Frontier Advisors, stated, “We’ve a growing client base in South Australia now, supported by our locally-based Senior Consultant Claire Casucci, so we’re excited to add The University of Adelaide to our stable of local clients and further our contribution to South Australia.”
Established in 1994, Frontier was one of Australia’s leading specialist investment advisory businesses with approximately $A600 billion in funds under advice.
AUTHOR
Rhea Nath
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