Merger to create a $120 billion investment giant
WEBJul 22, 2019 · First State Super will merge with VicSuper to create Australia’s second largest profit-to-member super fund, managing $120 billion in retirement savings for more than 1.1 million members. The boards of both funds on Monday signed a binding heads of agreement, allowing them to carry out due diligence …
UniSuper and Australian Catholic Super complete merger
WEBUniSuper and Australian Catholic Superannuation (ACS) have completed a merger to form a $115 billion super fund which came about after ACS failed APRA’s performance test last year. The ACS investment team led by Michael Block will not be joining UniSuper a spokesperson for the fund confirmed. With a member base of 620,000 members, the ...
Australia’s private debt market is a ‘diamond in the rough’: …
WEBDec 8, 2021 · Recent figures from Preqin show investors allocated $4.3 billion to Australian private equity firms throughout 2020, and they stand ready with more than $11 billion in dry powder to deploy. The appeal of private debt funds is that they tend to have a buy-and-hold approach, meaning lower volatility than equivalent public market debt.
Big enough to be effective but planning serious expansion: Equip’s ...
WEBJan 12, 2022 · Big enough to be effective but planning serious expansion: Equip’s Cameron. Equip Super boss Scott Cameron sees corporate funds as the obvious pool for new merger targets as the $32 billion fund gears up to increase its funds under management to $50 billion by 2025. The merger with Catholic Super two years ago was the big catalyst for the ...
Game changer on the horizon for Funds SA - Investment Magazine
WEBFeb 23, 2022 · Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.. We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of ...
Cambooya family office war chest ready and waiting
WEBJul 16, 2020 · One of Australia’s oldest and most mature family offices, Cambooya, is taking a wait-and-see posture to new investments this year, viewing equities as over-priced and doubtful that private equity opportunities will be as lucrative as many believe, according to its head of investments, Kathryn Young. Cambooya has amassed a significant war ...
High and low-fashion business models committing big ESG faux pas
WEBAug 22, 2024 · Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.. We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of ...
Retirement Income Review: Simplifying the complex
WEBNov 23, 2020 · The review noted that an individual’s retirement largely reflects the extent of their engagement in the workforce, both income and years worked. Unsurprisingly, the low-income cohort faces a range of challenges. The Review explored the Grattan Institute’s recommendation of rental support as a solution but found this doesn’t go far enough.
Hostplus, Statewide deal puts combined entity in enviable mega …
WEBJun 30, 2021 · This will place the combined fund firmly in the mega-dozen funds which recent mergers appear to be forming in the Australian super landscape. Hostplus and Statewide have signed an exclusive heads of agreement which paves the way for a reciprocal due diligence process to determine if a merger is the best option for members. Net flow advantage.
Landmark climate disclosures bill passes Senate
WEBAug 23, 2024 · Investors can expect more standardised climate information from large Australian listed and unlisted companies in the new year, after a bill that sets out mandatory climate risk disclosure rules passed the Senate. Close to two years since the first public consultation on the disclosure framework, Treasurer Jim Chalmers said on …