Newsmakers
Australian Food Superannuation Fund Names New CIO
Richard Dinham was hired to fill the role permanently after a five-month consulting term.
Tag: Superannuation
Investment Team Structure
Australia’s State Super Hires Frontier Advisors as Independent CIO
The consultant firm will employ the superannuation fund’s investment team and manage its portfolio, while the fund will take a ownership stake in the firm.
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.
Pensions
Cybercriminals Attack Major Australian Super Funds
AustralianSuper reported 600 members’ passwords were stolen and money was taken from four accounts.
Newsmakers
Mergers Continue Across Australian Supers
Mine Super and TWUSUPER tie-up official; CareSuper to combine with meat industry fund.
Newsmakers
Mercer Super Appoints TelstraSuper’s Miller as CIO
Based in Melbourne, Graeme Miller will be the first dedicated CIO at $46.34 billion Mercer Super.
Asset Allocation
Australian Super Fund AMP Makes Bitcoin Allocation
With $36.24 billion in assets, AMP will allocate 0.05% to the digital currency that recently topped $100,000 in value.
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.
Corporate Moves
NZ Super Begins Hiring Process for Next CIO
Applications for the position are due July 1.
Pensions
Google Cloud Accidentally Deletes Australian Superannuation Fund’s Data
The $83 billion UniSuper saw its operations disrupted over the accident.
Asset Allocation
Octopus Energy Receives New Investments from CPPIB, GIM
The energy provider, recipient of a $370 million funding round, increases valuation to $9 billion.
Regulation
Australian Regulator Accuses Mercer Super of Greenwashing
The nation’s Securities and Investments Commission is suing the pension fund for allegedly misleading members about sustainability.
Newsmakers
Australia Seeks Public Consultation on Pension Legislation
Former government accused of raiding superannuation system ‘with devastating impacts’ on savings.