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Industry funds pool $61bn of assetsBY KARREN VERGARA | THURSDAY, 11 FEB 2021 12:32PM
Two industry superannuation funds will pool their assets to create a $61 billion trust, in a move that is set to be a better alternative to a merger.
Read more: Maritime Super, Catholic Super, Club Super, David Elia, Equipsuper, Financial Standard, Hostplus Pooled Superannuation Trust, JANA, Peter Robertson, TWU Super
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Delivering Income from Infrastructure
In another first for Pinnacle Investment Management this week, the firm has set up a North American-based affiliate in a small-cap equities fund manager.
The $65 billion industry superannuation fund has welcomed a head of investment product and communications who has previously held roles with MLC Asset Management and BlackRock.
Mirae Asset Global Investments has appointed Citi Australia as its provider of custody and fund administration services for its Australian funds management business.
The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies.
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