Industry fund dips toes in private equityBY KANIKA SOOD | THURSDAY, 9 MAY 2019 12:29PM
An $8.6 billion industry superannuation fund is gearing up its first private equity play in almost half a decade, as it readies for an environment of lower returns.
Read more: US, ACRF, Ardea, Aussie, Australian Catholic Superannuation Retirement Fund, Coolbah, EIT, Financial Standard, ISPT, Kapstream, Michael Block, SAA, SelectingSuper
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BT Financial Group has shut down a $670 million global property fund and a $293 million Asian shares fund, as it sees them unsuitable for retail investors.
Perpetual has confirmed the appointment of a head of risk, promoting from within to fill the newly created role.
A $5.6 billion industry superannuation fund is revamping its MySuper option, which will see default members' exposure to growth assets and fees rise.
A $486 billion global manager has hired Principal Global Investors Australia's institutional sales director for its Sydney office, as it looks to grow its business down under.
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