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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 […]

InvestorDaily Industry super funds CareSuper and Spirit Super have announced they have entered into a preliminary non-binding memorandum of understanding (MOU) to explore a possible merger. If the two funds proceed with a merger, a combined fund with over 500,000 members and over $45 billion in funds under management (FUM) would be created. “Both funds […]

InvestorDaily With the vision of “reshaping superannuation for the benefit of all Australians”, Vanguard Super is launching with an accumulation product – Vanguard Super SaveSmart – which includes a MySuper default fund called Lifecycle, as well as a range of index-based diversified and single sector investment options as part of the choice menu, the firm […]

InvestorDaily The wealth management companies have struck a new deal, which includes a reduction in the cash component and an increase in the scrip consideration. Perpetual Limited has agreed to revise the cash and scrip consideration mix of its offer to purchase 100 per cent of shares in Pendal Group. Under the revised terms, Pendal […]

InvestorDaily The Future Fund has reported a 0.6 per cent fall in assets during the September quarter to $193.13 billion, down from $194.38 billion in the June quarter. Despite this fall, which came on the back of a negative 1.2 per cent return in the 2021-22 financial year, Future Fund chair Peter Costello said that […]