Up to 70% of newly deployed assets will be managed offshore, as the superannuation fund continues to grow its offices overseas.
Munich Re appoints Tobias Frenz as Singapore CEO; CareSuper appoints chief risk officer and chief experience officer; Sun Life names general manager for life and health in Hong Kong; Eastspring makes senior appointments; Kit Georgeos leaves AMP Capital; BNP Paribas appoints head of client development for Southeast Asia securities services; and more.
Even funds that aced the regulator’s performance test are under pressure to merge with similar funds to tap economies of scale.
Changing market dynamics are highlighting for investors the potential cost of their disproportionate focus on equity risk, according to market experts.
Experts say the drive for consolidation of smaller super funds into a few mega funds misses a key consideration of the role of superannuation: investor engagement.
Major asset owners, such as APG, NZ Super and AustralianSuper, are looking to invest in data centres in Asia even as the demand for these assets outstrips the current supply.
In the war of words in the lead up to an Australian federal election, super funds are often political collateral damage. Keeping out of the fray is smart, they say, but making a stand is just as important.
Australia's super fund industry looks set to consolidate further as small funds are under continued pressure to perform or amalgamate.
The world can’t move to a sustainable future without investing in developing countries and providing them with the infrastructure they need, according to ESG specialists.
Institutional funds haven't done enough to ensure they are not supporting hostile and repressive regimes with their investors' capital, according to ESG industry leaders.
AustralianSuper will double its staff in London and grow New York office to 80; Taiwan's Public Service Pension Fund to put great emphasis on ESG in manager selection; GPIF publishes list of companies with "excellent TCFD disclosures"; Nippon Life Insurance sets 2030 interim targets for greenhouse gas emission reduction in the investment portfolio; and more.
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.