POWERED BY MOMENTUM MEDIA
HESTA appoints strategic tilting GM
HESTA has appointed Luke Galloway as its general manager – strategic tilting to help build out its internal investment capability and deepen relationships with key partners.
Galloway joined the industry superannuation fund in November last year as its investment adviser.
HESTA chief investment officer, Sonya Sawtell-Rickson, said since joining the fund, Galloway had demonstrated skills and experience in derivative trading, and dynamic asset allocation decision though a period of significant market volatility.
Galloway would be responsible for managing dynamic asset allocation, rebalancing and overlay process, and would report to the head of portfolio design which was yet to fill.
“Luke will work closely with our trading partners and our Investment Execution team to manage and minimise execution risks, while ensuring portfolios are responsive to market conditions and opportunities,” Sawtell-Rickson said.
Galloway had more than 16 years of experience in macro and investment research, portfolio and exposure management, and investment internalisation.
“It’s exciting to join the fund at this early stage of its program to build out internal capability and embed a total portfolio approach that focuses on strong collaboration across various teams,” Galloway said.
Recommended for you
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
Bravura CEO Andrew Russell has announced he will be stepping down from the company, just under two years after his appointment.
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
