Standard & Poor's (S&P) Fund Services maintained its ratings on three AMP Capital funds, following a number of Chicago-based appointments to AMP Capital Brookfield’s listed property and infrastructure teams.
The two new additions to the global listed property team are vice president and analyst Greg Kuhl and Devin Donnelly, who also joins as a vice president and analyst. Rebecca Javid is also relinquishing her analyst responsibilities to take on a strategic role, according to AMP Capital Investors (AMPCI).
The two new faces in the global listed infrastructure team are Sam Arnold, who has seven years of infrastructure investing experience and will be joining in June as a director and senior analyst, and Steve Stubitz, who will also be joining in June as an associate and analyst.
The new hires bring the listed property team to 20 and the listed infrastructure team to nine investment professionals, excluding traders, according to AMPCI.
The relevant funds for Australian investors are AMP Capital Global Property Securities A, AMP Capital Global Infrastructure Securities Fund Unhedged A, and AMP Capital Global Infrastructure Securities Fund Hedged A.
S&P said that it is currently reviewing the listed property fund and we will be meeting with the infrastructure team to review its capability later this month.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.