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Showing 161 - 170 of 759 results for "Hesta"

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
... superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together with Women In Super, say that by making the changes, it will end one of the gendered ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... and expects to update the market at the end of the month. Link Group said its liquidity position remains strong. In June, HESTA opted against renewing its mandate with Link Group, selecting GROW Inc. instead.

HESTA moves 10% of portfolio in-house

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
HESTA has significantly grown its in-house capability, resulting in the fund now handling nearly $7 billion or 10% of its portfolio internally. The news comes 18 months after the $74 billion super fund launched its internalisation strategy. In December ...

AMP's largest super option yields 9.1% return

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023
... a 10.3% return. Australian Retirement Trust (ART) wasn't far behind, reporting a 10% return for its balanced option. HESTA reported a return of 9.59% and Cbus announced an 8.95% return. AustralianSuper and Hostplus posted returns of 8.22% and 8% ...

Aware Super returns 10.7% for FY23

CASSANDRA BALDINI  |  FRIDAY, 7 JUL 2023
... invests in high growth for members up to the age of 56. The result comes in ahead of Australian Retirement Trust (10%), HESTA (9.59%), Cbus (8.95%) and AustralianSuper (8.22%). With 1.1 million members and $160 billion in funds under management, Aware ...

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
HESTA has delivered a 9.59% return for its balanced growth investment option. The balanced growth investment option, which most of the industry fund's one million members are invested in, was buoyed by strong equity market performance, bolstered by ...

HESTA dumps Link as administrator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
After almost a decade in partnership, HESTA has opted against renewing its administration services mandate with Link Group. Link first signed HESTA as a client nine years ago, with the most recent contract renewal coming in August 2020 for a three-year ...

Super funds embrace offshore investment, internal teams

ANDREW MCKEAN  |  WEDNESDAY, 28 JUN 2023
... with an external manager. As such, not all funds are adopting the strategy of internalising or setting up offshore bases. HESTA is keen on global investment opportunities but is adopting a "wait and see" approach before opening an international office. ...

Senate report labels PwC breach calculated, deliberate

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... news of the scandal broke, several superannuation funds have frozen their contracts with PwC, including AustralianSuper and HESTA.

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
... implementing a management plan that includes a regular monitoring program." Major investors are concerned about the revelation. HESTA chief executive Debby Blakey said the super fund is "concerned" about the WA well leaks and will continue in its engagement ...