News

News

First Super names fresh board members

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

“Anthony’s depth of knowledge and understanding of the pulp and paper industry will be a significant advantage to the board and to our membership,” First Super chief executive Bill Watson said. “He has a vast working knowledge of the industry and will no doubt assist us in making decisions that reflect members’ real experiences and needs.” Also joining the First Super board is compliance officer for the CFMMEU Casey Thompson. She will be observing the board and committees as an associate member director.

The rest of this article can be found at investordaily.com.au.

Boutique fundie hires from NAB

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

Prime Value chief executive Yak Yong Quek commented Prime Value is in the process of growing its retail segment. “Philip is an outstanding addition to our team and will be important in developing our connection with financial advisers and dealer groups,” Mr Quek said.

The rest of this article can be found at investordaily.com.au.

Super payouts surge by 39.4%

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

The dwindling payments from the early release scheme saw benefit payments drop to $21.3 billion in the December quarter, in contrast to $33.9 billion in the three months before. But benefit payments for the 2020 year were $113.3 billion, a 39.4 per cent surge on the year before, including around $36 billion being withdrawn under the early release scheme. Total contributions increased by 1.9 per cent during the year, although annual member contributions of $22.9 billion were 6.4 per cent lower than the previous year. Employer contributions had still increased by 4.1 per cent.

The rest of this article can be found at investordaily.com.au.

Huge investment potential in clean energy sector

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

Companies in the clean energy sector are poised to benefit from rising demand for renewable energy as governments worldwide work toward Paris climate targets, with the momentum building after US President Joe Biden recommitted the US to the Paris Agreement. Highlighting the global move to clean energy, the US Energy Information Administration (EIA) forecasts that power generation coming from renewable sources, such as wind, solar, hydro, and geothermal, should provide almost half of the world’s electricity generation by 2050. This move to clean energy is being driven by governments adopting renewable energy policies to meet the Paris Climate Agreement.

In the US, Mr Biden has promised to spend US$2 trillion on clean energy projects over the next four years. Another big GHG emitter, China, is leading global renewable energy production and is the world’s largest investor in renewable energy. Elsewhere around the globe, money is pouring into renewable energy projects. However, much more investment is still required to meet the Paris Agreement. According to the International Renewable Energy Agency (IRENA), meeting international climate objectives will require a massive reallocation of capital toward low-carbon technologies and renewable energy, “and the mobilisation of all available capital sources”. IRENA has stated that annual investment in the renewables space must jump almost threefold to US$800 billion between 2020 and 2050 and the pace must accelerate considerably for the world to meet climate goals.

The rest of this article can be found at investordaily.com.au.

Fund manager recruits Vanguard state manager

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

Prior to his role at Vanguard, Mr Naidu had worked in business development positions at Macquarie Bank and Westpac Private Bank. GQG director of wholesale markets Daniel Bullock said the growth of the US-based fund manager’s Australian operations over the past three years had driven the creation of the new position. “Our business has grown significantly in the Australian market since first launching here in 2018, and we continue to see strong interest in our global equities and emerging markets capabilities, which have performed strongly despite the turmoil of markets in 2020,” Mr Bullock said.

The rest of this article can be found at investordaily.com.au.

Aviva names real assets CIO

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

Aviva Investors has appointed a chief investment officer of its real assets business. Daniel McHugh will be taking the role, replacing predecessor real assets CIO Mark Versey, as he has become the group’s new chief executive. In his new role, Mr McHugh will report to Mr Versey and will be responsible for the strategy and growth of Aviva Investors’ integrated real assets business, encompassing real estate, infrastructure and private debt.

He will oversee around 33 professionals working across fund and asset management, development, transactions, origination, underwriting, research and business management. Mr McHugh will join the Aviva Investors executive team. He joined the company in 2018 as managing director, real estate. He is also a member of the real assets senior leadership team.

The rest of this article can be found at investordaily.com.au.

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