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HESTA hires former Vanguard headBY ELIZABETH MCARTHUR | WEDNESDAY, 28 APR 2021 12:21PM
HESTA, the $60 billion industry fund for the health and community services sector, has made a key appointment within its investments team.Read more: HESTA, Vanguard, Stephen Howard, Sonya Sawtell-Rickson, Medibank Private, Monash University, Stephanie Watson, Steven Semczyszyn, University of Melbourne
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information.
The advice group has appointed a head in Queensland, reporting to chief executive Terry Dillon.
Australia's exchange traded product market reached $115 billion at the end of June 2021, increasing 76% in 12 months - but according to Rainmaker research, only a small portion of that growth came from performance.
The chair of Clime Investment Management and one of its shareholders are calling for the removal of long-serving executive Neil Schafer.
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