Local Government Super has again claimed primacy in the sustainability sector, after being awarded the SuperRatings Infinity Award for a second year in row.
The Infinity Award is intended to recognise superannuation funds deemed to be leading the industry in sustainable behaviour by practicing responsible investment principles and communicating these to their members.
Commenting on the award, Local Government Super chief executive Peter Lambert said he was pleased the fund's approach was continuing to be recognised.
"Our commitment of over $3 billion invested in responsible investment strategies across Australian shares, international shares, property and the absolute return and private equity asset classes is by far the largest commitment of any Australian super fund," he said.
Lambert said the fund had also undertaken extensive environmental retrofitting of its direct property portfolio.
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.