After a previous attempt to acquire the A$1.1 billion port with previous partner Palisade was sunk by the Australian competition watchdog, Spirit Super seems to have found success with a new partner.
Hong Kong’s Mandatory Provident Fund scheme gets three more investment options; Korea's National Pension Service reportedly has two frontrunners to head its investment operations; new report says asset owners around the world are passively invested in companies that might be involved in Uyghur Muslims repression in China’s Xinjiang region; and more.
Former Macquarie Bank chair to head UniSuper investment committee; State Super names new board director; Spirit Super appoints new chair as Naomi Edwards retires; NGS Super chair to retire; Singlife with Aviva hires deputy CIO; Schroders reshuffles APAC leadership; and more.
The combined value of assets held by Australia’s super funds is 50% higher than the total GDP of the entire country, intensifying the need for strong regulation and new investment opportunities.
The superannuation fund seeks to let data take bias out of market views and decisions, its CIO told the audience at the Asian Investment Summit.
The A$43 billion superannuation, one of Australia’s oldest, aims to reduce direct emissions in its portfolio by 45% in the next nine years.
MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
Stuck between low yields and the need to include fixed income in their portfolios, institutional investors like Cbus are getting creative with their approach to income investing.
Government support in carbon neutrality, plus regulation overhauls in the cybersecurity space, have created a favourable environment to further diversify into green stocks.
The Australian pension fund joins other asset owners in eyeing private credit opportunities in the Asia-Pacific region, although liquid defensive assets retain a majority of allocations.