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
Following its acquisition of a stake in Escala Partners, New York-based Focus Financial Partners is set to buy a slice of Melbourne-based MEDIQ Financial Services.
With the coronavirus, now dubbed COVID-19, impacting not only many lives, but now also the bottom line of some of the world's biggest companies, investors are chasing shorting opportunities to bank big on the pandemic.
A former chair of the SMSF Association has returned for another stint in the top job.
The chief executive of a $5.5 billion industry superannuation fund has spoken out against increasing the superannuation guarantee to 12% in a submission to the Retirement Income Review.
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