The industry superannuation funds-backed Industry Funds Management (IFM) has established an office in London as part of its strategy to gain a more global reach.
Establishment of the London office was announced by IFM general manager Damian Moloney, who said London had been chosen because of its proximity to Europe — the geographical focus of IFM’s medium-term investments focus.
He pointed out that IFM, via IFM Infrastructure Funds, was presently a part owner of two UK-based assets, Arqiva and Wales and the West Distribution Network, along with one Polish asset, ZEC Lodgz.
Moloney said the London office would be temporarily headed by IFM investment manager, infrastructure, Christian Seymour, who would be assisted by a former IFM analyst now living in the UK, Janice Morris, who had been appointed senior investment analyst.
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.
Super balances have continued to rise in August, with research showing Australian funds have maintained strong momentum, delivering steady gains for members.
Australian Retirement Trust and State Street Investment Management have entered a partnership to deliver global investment insights and practice strategies to Australian advisers.
CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.