The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.
Just months after exceeding $4 trillion in assets, Australia’s super industry continues to grow at pace.
The US administration has reportedly been impressed by Australia’s super system after super fund leaders attended a high-level summit in New York to secure top-tier investment opportunities.
The consensus among alternative investment managers and the broader industry is that an added regulatory impost would stifle returns in private markets.
While some see Wednesday’s monthly CPI report as “good news” for the RBA, others don’t expect additional rate cuts in coming months.
The $93 billion fund is looking to support its member service with modern, secure, and “future-ready” tech.
Delahunty has issued a fairly stern response to ASIC, defending super’s investments in private markets and urging the regulator to work with APRA to eliminate “duplicative regulatory requests”.
The $100 billion fund has appointed a new deputy CIO from within.
Building on its extensive report highlighting superannuation funds as key investors in private markets both locally and offshore, ASIC chair Joe Longo said ASIC has no objections to funds investing overseas.
As super funds and private equity firms ramp up take-private deals, shrinking the ASX, the corporate watchdog is on high alert, especially with global consensus suggesting that the next financial crisis could stem from private markets.