The creation of a new investment data platform underpins Aware’s march to managing half of its projected $250 billion FUM internally. State Street is providing the glue that holds it all together.
The megafund is expanding its sustainable investment team as it adopts a new climate change strategy and fields increased interest in its approach from new corners.
Two of Australia’s leading superannuation bodies will soon be no more. In their place will be a new, merged entity intended to be a “powerful advocate” for the superannuation system and the funds that comprise it.
With Cbus eyeing the $100 billion mark, it’s figuring out what it can do well and what should be left to everybody else. And while other funds can’t wait to head overseas, it’s decided to stay home.
One of Australia’s largest super funds is now also one of its largest owners of retirement living assets following the acquisition of 100 per cent of Oak Tree in a demographic play.
The asset class is top of the private market pops as institutional investors fret valuations and liquidity in private equity and watch the ongoing commercial property dislocation with growing concern.
The Future Fund might make a bigger contribution to the budget if it was liquidated, according to the Centre for Independent Studies, which argues that its returns haven’t been that impressive even as its benchmark gets harder to beat.
The $250 billion industry fund has hunted two new heads for its investment team while it chips away at a digital transformation project that will support its move to internalise 50 per cent of assets.
The $14 billion industry fund is in hot water over allegations its member money is exposed to companies that should have been screened out and that it held on to Russian stocks despite saying it had dumped them.
Commentators warn that a new default cycle will strip the shine from private debt strategies, but not all managers have been “sitting on their hands”. And the dislocation in commercial real estate is creating new opportunities for savvy managers.
