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Showing 151 - 160 of 829 results for "% Cbus"

ISPT, IFM Investors merger advances

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... July 2023. IFM most recently added Else Bos as an independent director to its board. Established in 1994 by AustralianSuper, Cbus, and HESTA, ISPT invests in office, retail, industrial, education, health, and residential properties.

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
BUSSQ will challenge what it calls "unnecessary and potentially impractical" licence conditions imposed by APRA, which were sparked by allegations of serious misconduct within the CFMEU and concerns about its potential impact on the super fund. The ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
... "further risks the integrity of taxpayer funds locked in the misguided scheme." He also noted even before the scheme became law, Cbus chair Wayne Swan committed $500 million to the HAFF in November 2022. Swan said at the time that Cbus has a long history ...

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
Private credit continued to buoy Qualitas' performance in the 2024 financial year while Charter Hall contracted against a tough real estate sector. Qualitas reported a 46% jump in total funds under management (FUM) to $8.9 billion thanks to several ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
Super Members Council chief executive Misha Schubert has defended the selection requirements for superannuation fund boards in the wake of the CFMEU scandal. Schubert said the shared governance model of profit-to-member funds was created with a "clear ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... ASIC was concerned about accountability at the board level - a timely mention given the recent concerns around the CFMEU, Cbus and BUSSQ. "Boards of trustees need the right skills and reporting structures to oversee and deliver retirement income strategies ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... the allegations, it plans to make the independent expert reports public to provide reassurance to Cbus and BUSSQ members. Cbus chief executive Kristian Fok said the fund supports APRA's decision to undertake an independent review of its board governance ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... allegedly bragged about his power to secure lucrative contracts on projects funded by Cbus, claiming to have insider influence. Cbus, which has a 14-member board comprising an equal number of employer and union directors, including three CFMEU representatives ...

Cbus taps ex-AustralianSuper equities chief for 'critical role'

ANDREW MCKEAN  |  TUESDAY, 6 AUG 2024
Cbus has appointed a former AustralianSuper equities chief to serve as its head of portfolio construction. Justin Pascoe, who joined AustralianSuper as a senior portfolio manager in June 2019 before being promoted in August 2021, will take on the "critical ...

CareSuper, Spirit Super take final steps towards merger

JAMIE WILLIAMSON  |  TUESDAY, 30 JUL 2024
CareSuper and Spirit Super will merge on November 1, with the new executive lineup and new name confirmed. The merged fund, which will retain the CareSuper name, will be home to some 572,000 members and $52 billion in funds under management. "While ...