POWERED BY MOMENTUM MEDIA
QSuper and SunSuper merger goes ahead
The merger of QSuper and Sunsuper is to proceed resulting in Australia’s largest superannuation fund.
The boards of QSuper and Sunsuper announced today they had signed a heads of agreement which will see the creation of a $200 billion merged entity servicing two million members.
In a joint statement, QSuper chair, Don Luke and Sunsuper chair, Andrew Fraser, said the merged fund will be headquartered in Brisbane and the merger will proceed in September this year.
The chair of the merged fund will be Don Luke and the board will be formed from the existing boards.
The chief executive will be Bernard Reilly who is currently chief executive of Sunsuper.
Recommended for you
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.
Rest has joined forces with alternative asset manager Blue Owl Capital, co-investing in a real estate trust, with the aim of capitalising on systemic changes in debt financing.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
