News

Investment Magazine UniSuper and Australian Catholic Superannuation (ACS) have completed a merger to form a $115 billion super fund which came about after ACS failed APRA’s performance test last year. The ACS investment team led by Michael Block will not be joining UniSuper a spokesperson for the fund confirmed. With a member base of 620,000 […]

InvestorDaily The merger between Australian Ethical and Christian Super has been finalised. Australian Ethical Investment has confirmed that the merger between Australian Ethical Super and Christian Super has been finalised. In an ASX filing on Monday, Australian Ethical Investment said that the successor fund transfer (SFT) of Christian Super into Australian Ethical Super was successfully […]

InvestorDaily Women on average make up 27 per cent of investment teams, new research has shown. All 20 of the Financial Services Council’s (FSC) global and domestic fund manager members surveyed want to improve diversity in their investment teams, the FSC’s latest Diversity Survey has found. While the survey found that women on average make […]

InvestorDaily Zurich Financial Services Australia has announced the appointment of a new chief information officer for Australia and New Zealand. Deepak Budhiraja, currently chief information and technology officer for Hong Kong, Singapore and Bermuda with Sun Life Financial, will take up the role of CIO, Zurich Australia and New Zealand on 16 January 2023 and […]

InvestorDaily Perpetual has promoted Vince Pezullo to the role of head of equities within Perpetual Asset Management Australia following the resignation of Paul Skamvougeras. In an ASX announcement on Monday, Perpetual confirmed that Mr Skamvougeras had made the decision to step down from the role, with Mr Pezullo taking over from him immediately. With over […]

InvestorDaily Private equity asset managers committed to ESG investing now manage over US$3 trillion (almost $4 trillion), or 36 per cent of the value of total global private market assets. This is a result of more and more institutional investors, particularly pension and superannuation funds, focusing their private market allocation on more ESG-oriented investments than […]