Opening up early access to super for housing would have a negative effect on the balances of even those members that don’t dig into their savings, with funds forced to adopt more conservative investment strategies and hold more liquid assets.
The circa $88 billion industry fund for workers in health and community services reckons that alleviating the affordable housing crisis will boost its other investments by easing the cost of living and inflation.
Casey Quirk opens regional office
(Pictured: Daniel Celeghin)
Casey Quirk, the US-based advisory and research business for funds management, has opened an office in the region, with partner Daniel Celeghin relocating from New York to Hong Kong last month.
Celeghin, who has been a frequent visitor to Australia, along with his fellow partner and Boston-based Ben Phillips, who is well known to Australian managers, has become ‘head of Asia Pacific’ for the firm.
Celeghin is visiting Australia next week to see clients. He said that he was already working on a new assignment and was hopeful of expanding the office in due course.
Casey Quirk is the world’s largest management consultancy dedicated solely to advising fund managers on their business strategies. It boasts at least 17 of the top 25 managers as among its clients.
