POWERED BY MOMENTUM MEDIA
LGS adds to investment committee
Local Government Super has appointed advisory firm Edgehaven managing director Bev Durston and API Capital's Robert Swift as additional members of the fund's investment committee.
In the roles Durston and Swift will help keep track of LGS' investment managers' performance and will work with the committee to monitor the work of the fund's internal investment team and external asset consultant.
Durston has held various roles in the super industry and has invested on behalf of many super and sovereign wealth funds. She has worked as a portfolio manager at Commonwealth Superannuation Corporation, deputy chief investment officer at Sunsuper, and head of portfolio risk management at BT Funds Management.
At Edgehaven she advises institutional clients on long-term investment strategies, alternative assets and asset allocation across market cycles.
Swift has over 30 years' experience in global investment management, holding roles at Putnam Investments, BT Investment Management, and Regnan.
LGS chose Durston and Swift in November 2014 after an extensive search, and they started their roles in January.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
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(%)
