University-based industry fund UniSuper is in the market for a new chief investment officer (CIO) with the news that its long-serving CIO, David St John, is to leave the fund at the end of this month.
St John's departure after eight years with UniSuper was announced by the fund's chief executive, Terry McCredden, who paid tribute to the CIO's significant contribution.
McCredden said he would be fulfilling the duties of the CIO position with the support of other team members and the fund's investment committee until a new CIO had been appointed.
"Whilst regretting David's departure, I am confident that UniSuper remains extremely well equipped to handle the challenging investment environment we are now facing with a sense of confidence and opportunity," he said.
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.
HESTA has delivered a 10.18 per cent return for its MySuper Balanced Growth option in the 2024–25 financial year, marking the third consecutive year of returns above 9 per cent for the $80 billion industry fund’s default investment strategy.
Sally McManus, secretary of the Australian Council of Trade Unions (ACTU), commented on the proposal after former prime ...
Strong performance across domestic equities and infrastructure assets has seen the fund achieve solid returns for the 2024-25 financial year.