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Perth toll road an opportunity for super fundsBY DARREN SNYDER | WEDNESDAY, 22 JUL 2015 12:05PM
Superannuation funds may have the opportunity to buy in to a $1.6 billion road project in Perth after the Western Australian transport minister announced plans to sell the income stream from tolls on heavy vehicles.
Read more: Australia, Perth, Superannuation, Nalder, WA government, April, Australian Infrastructure Audit Report, Fremantle, Infrastructure Australia chairman, Mark Birrell, Melbourne, Perth Freight Link, Seven West Media, Sydney, Transport minister Dean Nalder
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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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