After a year that will live in infamy for the construction industry fund, Cbus has announced double digit returns across two of its products. Meanwhile, CIO Brett Chatfield is scrutinising the potential market impact of Trump’s policy agenda.
Jun Bei Liu and Jason Todd want to shoot the lights out with their newly-launched long-short hedge fund, but they also want to explore new distribution models and client segments as they strike out on their own.
Catholic fund replaces Russell with Towers
The Sydney-based Australian Catholic Superannuation and Retirement Fund has appointed Towers Watson as its new asset consultant, replacing Russell Investments.
The $5 billion 90,000-member public offer industry fund has 11 investment options. In the year to June 2012 the growth fund returned minus 3.4 per cent while the My Super balanced fund was minus 1.1 per cent. The fund was tracking for a big improvement in 2013, with the growth fund returning 16.6 per cent in the 11 months to May and the My Super balanced fund 13.7 per cent.
The fund has a socially responsible balanced investing option but includes ESG considerations in all investment decisions. It is also a signatory to UNPRI.
Towers Watson announced in April the appointment of five new people to its investment arm – two consultants and three analysts. The consultants were Sean Brereton, from Access Capital, and Dania Zinurova, from Russell via Towers’ London office.Â
