POWERED BY MOMENTUM MEDIA
Keeping flies out of the ointment
Rollover knows that the chief executive officer vacancy at NGS Super attracted a lot of interest from superannuation fund executives and others who have found themselves with time on their hands this year.
Thus, the fund’s announcement that it would be deferring finding a replacement for Anthony Rodwell-Ball until after NGS completes its merger with QIEC Super – something unlikely to be finalised much before Christmas – has caused at least two high profile candidates to brush off their CVs and return to the job-hunting drawing board.
Teachers tend to be terribly sensible creatures and, as Rollover hears it, the merger process with QEIC has been moving along so smoothly that it was thought unwise to risk the injection of a new chief executive who might wish to put his/her own stamp on the process.
All of which suggests that the field of candidates for the CEO job is likely to look both very much larger and very much different to that which it did in April.
AUTHOR
The Rollover
Rollover is a jaded hack who joined the staff of Super Review nearly two decades’ ago and never managed to summon the energy to leave. Known throughout the superannuation industry as a power-luncher and gossip, Rollover spends his time humouring fund managers, eavesdropping at conferences, dozing through briefings and looking for his next free meal.
Recommended for you
With rainy weather abound in Sydney, Rollover was sat in front of his TV watching the smorgasbord of niche documentaries free-to-air has to offer.
As a history buff, Rollover is well-aware of the importance of the role the vanguard plays in a military force, as the leader at the front of battle.
Now that crypto investing is mainstream, with Rest Super announcing it will put a portion of its funds into it, Rollover wonders whether his grandkids will think he is hip when he shows them his crypto balance in his new digital wallet.
Rollover is almost as fascinated by superannuation fund mergers as the deputy chair of the Australian Prudential Regulation Authority (APRA), Helen Rowell.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
