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NESS Super partners for financial advice offering

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2024
... advice on their debts, like credit cards, mortgages and investment loans, Otivo said. "By partnering with Otivo, NESS Super can now deliver truly personalised, scalable advice that serves our members' best interests at a low cost. Otivo's platform ...

Brighter Super to buy up Queensland real assets

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2024
... investing a further $500 million into the state on top of the existing $1 billion already invested. The $33 billion fund has now enlisted Barings to acquire industrial assets on its behalf in Queensland, handing it $100 million to do so. Brighter Super ...

Sue Brake joins NZ Super, Lisa Gray departs VFMC

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024
... Monetary Authority of Singapore, has been appointed to the NZ Super board. As chief investment officer of the Future Fund - and now an independent investment consultant - she focused on a total portfolio approach where the investment team works together ...

IFM adds ex-CIO to equities team

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024
... and research at Delft Partners. Before that, he was head of investments at LUCRF Super. McIntosh moved to the asset owner (now part of AustralianSuper) from Vanguard Investments Australia, where he held several senior roles for over 14 years. These include ...

Ventura names new investment chief

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024
... Stojanovski brings a wealth of expertise and leadership to the role. The ASX-listed dealer group hired Stojanovski from IOOF (now Insignia Financial) as its research lead four years ago. He spent nearly six years at Insignia as a portfolio manager, looking ...

PE firm acquires Mason Stevens

KARREN VERGARA  |  THURSDAY, 19 DEC 2024
... officer, and the late Patrick Handley as executive chair. Bignill and Hua left business in 2021 and 2022 respectively. The group now also offers outsourced CIO services, managed portfolios, and superannuation. "Underpinned by a strong strategic and cultural ...

TCorp returns 7%, AUM hits $110bn

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... Managed Fund and Long Service Corporation funds combined, along with certain other SelfInsurance Corporation funds that are now under OneFund. OneFund targets 4.5% plus CPI over rolling 10-year periods. During the year, TCorp completed $32 billion of ...

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... growing, unemployment is low - one million jobs have been created - participation is at record highs," Chalmers said. "There is now a $200 billion improvement in the budget and that means $177 billion less debt and $70 billion less interest repayments ...

AMP defies super fund herd with Bitcoin bet

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
... portfolio manager Steve Flegg made public that the fund had "took the plunge" into crypto, with its exposure to digital assets now accounting for 0.05% of its total assets under management - $57 billion. Flegg said crypto had "become too big, and its ...

JBWere partners to launch fixed income funds

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
... "Australian investors allocated a record $6.26 billion to managed fixed income funds in the first half of the year," Saadie said. "Now, with the US Federal Reserve easing and inflation moderating, there is a timeliness to clients having access to expertly ...