Having finalised its partnership with IFM Investors just last week, UK pension fund Nest has confirmed its first major investment in the form of an infrastructure debt fund.
Australia’s industry super funds have come under fire for distorting equity markets and inflating Commonwealth Bank’s share price, with investment chiefs warning that their size and benchmark-driven behaviour are fuelling mispricing across the ASX.
The sovereign wealth fund has acquired a near-10 per cent stake in Transgrid, the operator of a high-voltage electricity network, in a move it says aligns with its risk-return objectives and long-term investment strategy.
Rest has appointed its new chief investment officer, who previously served as Qantas Super’s CEO for nearly a decade.
AustralianSuper has reinvested in Whitehaven Coal, describing the move as “an investment opportunity” aimed at creating value for its members.
Op-Ed The Labor government remains steadfast in the face of opposition to its controversial $3 million super tax; however, some of the critics might be making the Treasurer’s case for him.
Governor Michele Bullock said the board debated a larger move but settled on a cautious 25 bp cut, while warning the RBA remains on high alert for a global financial shock.
TelstraSuper has called it quits regarding its proposed merger with Equip Super, citing it is no longer in its members’ best financial interests to proceed.
The RBA has lowered rates to a level not seen since mid-2023.
Having announced a $75 million investment in venture fund manager Uniseed in 2022, UniSuper has now committed an additional $25 million.