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Australian superannuation assets rise 9.6%
trueAustralian superannuation assets were up 9.6% for the year ended Sept. 30, according to the Australian Prudential Regulation Authority's quarterly performance report, released Thursday.
NZ Super terminates equity strategy with AMP Capital
trueNew Zealand Superannuation Fund terminated AMP Capital as manager of a NZ$257.5 million (US$200 million) active New Zealand equities mandate.
BlackRock's new Asia-Pacific chief focusing on growth
trueBlackRock Inc.'s Asia-Pacific operations are poised to make a more significant contribution to the money management giant's overall business in coming years, the firm's new regional head says.
Asset owners to push for better alignment, value
trueAsset owners, which have long been relatively passive players in a financial system dominated by banks and money managers, are poised to play a more active role in shaping that system, predicts David Neal, managing director of the A$104.5 billion (US$91.5 billion) Future Fund.
Future Fund goes heavy on currency exposure
trueAustralia's Future Fund has boosted the foreign currency exposure of its A$104.5 billion (US$91.5 billion) portfolio to record levels to preserve flexibility and boost resilience to liquidity shocks.
NZ Super Fund ends quarter up 1.1% at NZ$26.7 billion
trueNew Zealand Superannuation Fund, Auckland, posted a 1.1% gain for the quarter ended Sept. 30, after paying taxes owed to the New Zealand government, lifting the value of its investment portfolio to NZ$26.7 billion (US$21.4 billion).
Australia's Future Fund returns 2.9% in fiscal first quarter
trueAustralia’s Future Fund Wednesday reported a 2.9% gain for its fiscal first quarter ended Sept. 30, lifting the value of its investment portfolio to A$104.5 billion (US$91.7 billion).
TWUSUPER taps REST Super exec as new CEO
truePaul Sayer was appointed CEO of TWUSUPER, a A$3.7 billion (US$3.2 billion) Sydney-based superannuation fund for the transport and logistics industry.
New Zealand Superannuation Fund, in an annual report released...
trueNew Zealand Superannuation Fund reported a 19.36% return for the fiscal year ended June 30, even as fund executives warned that future gains will be less spectacular.
NAB Asset Management acquires majority stake in Orchard Street
trueNational Australia Bank Asset Management has acquired a majority stake in U.K. commercial real estate manager Orchard Street Investment Management, said a spokeswoman for Orchard Street.
Qantas Super moving in new skies
trueInvestment returns at Qantas Super have gotten a boost from the fund's appointment of a “centralized portfolio manager” to consolidate equity trades previously handled by its external money managers.
AustralianSuper plans investment hiring spree
trueAustralianSuper, Melbourne, will expand its investment team by as much as 40% over the next 12 months, including hiring as many as 10 global equities managers.
Australia's HESTA CEO to step down after 16 years
trueAnne-Marie Corboy will step down as CEO of the Health Employees Superannuation Trust Australia at the end of February, confirmed a spokeswoman for the A$29 billion (US$27 billion).
Large Australia pension funds go internal, become more vocal as active shareholders
trueTwo of Australia's biggest pension funds say the industry will become more vocal in holding public companies to account as assets are increasingly managed in-house, filling a void of shareholder activism in the nation.
Australia's Future Fund picks new CIO
trueRaphael Arndt was named chief investment officer of Australia’s A$101 billion (US $93.7 billion) Future Fund.