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Australia's Future Fund posts 7.1% gain for quarter; cash holdings climb
trueAustralia’s Future Fund reported a 7.1% gain for the quarter ended March 31, lifting the value of its investment portfolio to A$117 billion ($91.4 billion) even as the fund’s cash holdings jumped by roughly A$4 billion.
UniSuper taps BNP Paribas as new custodian
trueUniSuper hired BNP Paribas Securities Services as master custodian for the A$50 billion ($38.8 billion) superannuation fund.
NZ Super posts 5.9% gain in first quarter, up 18.85% over past 12 months
trueThe New Zealand Superannuation Fund posted a 5.91% return for the quarter ended March 31, lifting the value of the Auckland-based fund's investment portfolio to NZ$28.97 billion ($22.3 billion).
Rainmaker: Australia's superannuation industry hits A$2 trillion mark
trueAustralia's superannuation system savings reached the A$2 trillion ($1.6 trillion) mark during the first quarter, said Alex Dunnin, head of research for The Rainmaker Group.
NZ Super suspends allocation with Milford Asset Management
trueNew Zealand Superannuation Fund announced Thursday it had suspended its actively managed New Zealand equities allocation with Milford Asset Management until the completion of an ongoing investigation of the firm by the country’s Financial Markets Authority.
Australia's UniSuper wants Indian stocks as 'next big thing'
trueUniSuper Management is considering investing in India as Prime Minister Narendra Modi pushes sweeping economic reforms to lure investors.
Blue Sky Alternative Investments taps new leader for its hedge fund business
trueNeil Power joined Blue Sky Alternative Investments in Sydney as managing director of the firm's hedge fund division.
NZ Super CEO: Bank of Portugal's moves could undermine SWFs role in providing liquidity
trueA decision by Portugal's central bank, which effectively penalizes institutional investors that lent $784 million to a Portuguese bank a month before its collapse in August, could undermine the growing role of sovereign wealth funds in providing liquidity to the global financial system, said Adrian ...
HESTA taps deputy to replace superannuation fund's longtime CEO
trueDebby Blakey has been named CEO of the A$30 billion (US$23.5 billion) Health Employees Superannuation Trust Australia.
Australia superannuation fund taps Ardevora for global equities
trueCommonwealth Bank of Australia Group Superannuation Fund hired Ardevora Asset Management to run A$200 million ($156.2 million) in global equities.
Australia's Future Fund posts 13.2% gain for 2014, trims risk exposures
trueAustralia’s Future Fund reported Thursday that its investment portfolio returned 13.2% in 2014 to reach A$109.2 billion (US$85.1 billion) in assets.
Canada Pension Plan takes 25% stake in Australian toll-road project
trueCanada Pension Plan Investment Board, Toronto, on Monday said it will take a 25% ownership stake in a tunnel tollway to be built northwest of Sydney, for A$525 million (US$411 million).
LaSalle Investment Management names head of funds management for Australia
trueChris Forbes was named head of funds management for Australia at LaSalle Investment Management.
Western Australia government employees' fund moves to Northern Trust for custody
trueGovernment Employees Superannuation Board, Perth, Australia, hired Northern Trust as global custodian.
New Zealand Super posts 13.89% return in 2014 on equity gains, lower NZ dollar
trueNew Zealand Superannuation Fund returned 13.89% in 2014, exceeding its benchmark by 147 basis points and bringing the value of its portfolio to NZ$27.54 billion (US$20.53).