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.
Wellington hires fixed interest capability from JANA
(Pictured: James McKinlay)
James McKinlay has left JANA Investment Advisers to become one of four Sydney-based investment directors at Wellington International Management Co. He will be involved in fixed interest product management.
Wellington’s other three investment directors are Aisling Freiheit, who has dual asset allocation and fixed interest specialties, James Crawford, for equities, and Lori Whiting, another fixed interest specialist, who is expected to return to Boston.
McKinlay was head of fixed interest and a senior consultant at JANA. He was at the firm for a little over seven years.
He said last week that, in his new role, he would be working closely with investors to ensure the integrity of their respective investment approaches.
“This includes meeting with the team on a regular basis and providing oversight of portfolio positioning, performance, and risk exposures, as well as developing new products and client solutions and managing business issues such as capacity, fees, and guidelines,” he said.
An economist by training, McKinlay has worked at National Australia Bank and the Department of Prime Minister and Cabinet in the previous government.
