Corporate Moves
Australian Super Funds Explore Potential Merger
Prime Super and Aware Super, with a combined roster of 1.4 million members, are in the due diligence phase.
Tag: Australia
Pensions
Australia’s Legalsuper Appoints HESTA Executive as CEO, Names New CIO
The leaders will join the specialist fund in August and October, respectively.
Risk
Influx of Data Weighs On Legacy Technology, Data Systems
A Macquarie Group engineer tells asset managers and investors that outdated systems can subject their organizations to risks and challenges and make it harder to integrate artificial intelligence tools.
Newsmakers
Australian Food Superannuation Fund Names New CIO
Richard Dinham was hired to fill the role permanently after a five-month consulting term.
Pensions
Liquidity, Operational Shocks Pose Major Issues for Superannuation Funds
The Reserve Bank of Australia’s new Financial Stability Review also emphasized the importance of building resilience to financial and cybersecurity stress.
Asset Allocation
Octopus Australia Wins $650M Mandate From APG
The renewable fund manager will deploy assets from the Dutch pension fund to clean energy transition projects.
Regulation
Australia’s Central Bank Names Private Partners to Test Tokenized Asset Uses
The selected firms include Northern Trust, Australia and New Zealand Banking Corp., and Westpac Banking Corp., along with smaller fintech providers.
Asset Allocation
HESTA Dumps Mining Company Mineral Resources Stake due to Governance, Ethics Concerns
The $58 billion Australian superannuation fund also placed WiseTech on its watch list following four board resignations.
Asset Allocation
Aware Super Invests $1B in Australia’s ‘Largest’ Intermodal Terminal
The north Melbourne project is designed to create transportation infrastructure to improve supply chains in the country.
Asset Allocation
Australia Future Fund Revamps Portfolio With Pivot to Active Management
The A$224.9 billion sovereign wealth fund has been targeting surging Japanese equities.
Newsmakers
AustralianSuper Grows US Team With Senior Hires
The fund announced senior appointments to its New York office as part of plans to double its U.S. staff.
Newsmakers
Rest CIO Andrew Lill to Step Down
The first investment chief of the Australian superannuation fund will step down in November after more than four years in the post.
Pensions
REST Pension Core Strategy Returns 8.67% in Fiscal 2024
The Australian fund manages more than $53 billion in assets.
Pensions
US Remains Biggest Force in Pension Realm, per Study
WTW’s Thinking Ahead Institute found that international unrest and an uncertain worldwide economic outlook hinder an otherwise growing global retirement effort.
Asset Allocation
Australia’s Future Fund, QIC Buy 19.8% Stake in Toll Road Owner Connect East
Future Fund CIO Ben Samild said the deal is in line with the A$223.4 billion sovereign wealth fund’s strategy to increase its Australian dollar exposure.