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Showing 121 - 130 of 224 results for "Unlisted assets"

Cbus ready to deploy cash

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... investment chief Kristian Fok is turning his focus to the buying opportunities ahead. The fund's board devalued its unlisted assets between 8-15% in response to COVID-19, and its March quarter returns stood at 10.54%. The fund had planned to gradually ...

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
... "Super funds invest in many asset classes and many of them have very limited liquidity," Liu said. "Many of those unlisted assets will take months if not years to unwind and be converted to cash." The critical focus of super funds is to assess the liquidity ...

How Cbus is servicing early release requests

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
... the markets fell but have started to move back into diversified options now. Fok said Cbus hasn't sold any unlisted assets to service the ERS requests. "We haven't changed any of our positions, we are still underweight [in unlisted assets]. Cbus ...

Industry fund adds to executive leadership

HARRISON WORLEY  |  FRIDAY, 1 MAY 2020
... predecessors ceased employment with the fund abruptly earlier this year. Separately, the fund recently revalued its unlisted assets as a result of the market volatility caused by COVID-19. In an investment update to members, Statewide said it made the ...

Super CIOs defend illiquid assets

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... talking enough about that." Meanwhile, TelstraSuper chief investment officer Graeme Miller remains bullish on unlisted assets, saying they generate greater returns over the long term. He stressed there was no single, ideal allocation to any risk premium ...

Advice chief leaves industry fund giant

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... fund's insurance committee. The changes arrived amid a hectic period for the fund, which recently devalued its unlisted assets in response to market volatility stemming from the COVID-19 pandemic. It has also been battling disgruntled members, who ...

Industry fund revalues unlisted assets

HARRISON WORLEY  |  TUESDAY, 28 APR 2020
Another superannuation fund has slashed the value of its unlisted assets, with airports and commercial property taking a hit. In an investment update to members, Statewide Super said it has done so on the back of advice from external valuers and investment ...

Future Fund falls 3.4% in March quarter

KANIKA SOOD  |  MONDAY, 27 APR 2020
... Australia's sovereign wealth fund lost 3.4% or about $6 billion in the March quarter, and is in no hurry to revalue its unlisted assets out of cycle unlike some superannuation funds. The Future Fund stood at $162 billion at March end, after returning ...

LGIAsuper revises down unlisted assets

KANIKA SOOD  |  FRIDAY, 24 APR 2020
... were applied to portfolios on April 21. Superannuation funds and managed funds have been forced to revalue their unlisted assets out of cycle (which is usually quarterly, half-annual, or annual) to reflect the changes in valuations of such assets caused ...

Super funds need to act like banks: PM

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
... to liquidity issues and the government's early release super scheme. A number of funds have devalued their unlisted assets in response to the effects of the global pandemic, leading to concerns over their liquidity.