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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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AMP's North platform saw $400 million less in inflows in the three months to March compared to the same time last year, as financial adviser activity fell.
Perennial Partners has spun its ESG team and flagship ESG fund into a separate boutique investment business.
Centuria Capital Group will pay $24 million for a 50% stake in the real estate debt manager, founded five years ago by former UBS and Wingate investors.
MSCI is launching a set of indices that target megatrends and innovation in the biotechnology and pharmaceutical industries.
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