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Rise of the mega funds continuesBY ANNABELLE DICKSON | MONDAY, 3 MAY 2021 12:02PM
Increased merger activity in the superannuation sector will see most of Australia's retirement savings managed by just 12 funds, new research shows.
Read more: KPMG, APRA, Super Insights, AustralianSuper, Aware Super, Cbus, Hostplus, Linda Elkins, Maritime Super, Media Super, QSuper, Sunsuper
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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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