POWERED BY MOMENTUM MEDIA
Bracks to resign as Cbus chair for Federal Government appointment
Steve Bracks has signalled his intention to step down as chair of Cbus this September to pursue a Federal Government appointment as Australian-Consulate general in the US.
Bracks joined the board in early 2009 and helped successfully navigate the fund through a period of uncertainty, Cbus chief executive David Atkin said.
Bracks has also been the director of Cbus property was a former premier of Victoria.
The fund has built its infrastructure and property assets under Bracks including the recent 99 year lease of Port Botany and Port Kembla, the Port of Brisbane and Manchester Airport.
The industry fund will announce a replacement prior to Bracks official resignation.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
