POWERED BY MOMENTUM MEDIA
Qantas Super announces death of director
Qantas Super has issued an announcement regarding the death of its board member, Paul Costello, who was first appointed to the trustee board in 2014 and was chair of the investment committee and a member of the remuneration and insurance committees.
“Paul was a pivotal figure in the super industry, and an enormous asset to the Qantas Super board. Even in his last weeks, Paul remained focused on serving the members of Qantas Super, attending committee meetings and contributing strongly to matters under discussion,” Qantas Super chair, Anne Ward, said.
Costello left a lasting legacy for Qantas Super members and his achievements included his assistance in developing a fully integrated investment platform, a new lifecycle option for default members, an enhanced approach to currency management and an improved retirement option.
He also helped drive the forays into timberland and agriculture, as well as the recent removal of tobacco from investment portfolios, the firm said.
Qantas Super said it lost a fierce advocate and the board and wider Qantas Super team extended their sincere condolences to Paul’s wife, Denise, and their family.
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(%)
