The body overseeing the Commonwealth public service superannuation funds, the Australian Reward Investment Alliance (ARIA) has managed to recruit back one of its own in the form of Martin McComish.
ARIA chief investment officer, Alison Tarditi, said McComish had been appointed as a senior portfolio manager, listed international equities.
Before spending some time at QIC and establishing his own consultancy, McComish had worked for ARIA’s precursor organisations, Commonwealth Funds Management and Total Risk Management.
Tarditi said McComish would be filling a key role within ARIA, taking responsibility for investments in listed international developed and developing market equities
Superannuation funds have posted another year of strong returns, but this time, the gains weren’t powered solely by Silicon Valley.
Australia’s $4.1 trillion superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding thousands to workers’ pay packets, according to new analysis from the Association of Superannuation Funds of Australia (ASFA).
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.