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The bid is conditional on UniSuper, which owns 15% of the airports shares keeping its equity stake in the company.
The Australian superfund is our highest new entrant this year, thus reflecting the growth of funds Down Under as consolidation accelerates, writes Daniel Kemp
After being heavily criticised for proposing to use listed benchmarks for unlisted assets, the government has chosen MSCI’s unlisted index as a measuring stick, leading to a new round of criticism
Controversial Your Future, Your Super changes will remove an exemption to asset disclosure that has allowed superfunds to avoid revealing the value of some unlisted assets.
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After a change in the rules allowed members to withdraw almost A$16bn from their accounts, We investigate whether the sector is able to absorb the shock.
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Senator Jane Hume, assistant minister for superannuation, argues that the early super withdrawal scheme has gone ‘exceptionally well’ to date with only 0.5% of the whole system’s assets withdrawn.
The A$52bn superfund has replaced outgoing head of infra Diana Callebaut, who left to join NSW Treasury Corporation earlier this year.
Estimates suggest that anywhere between A$27bn and A$50bn could be withdrawn from superannuation funds, but there should be adequate liquidity in the system to cope.
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First Super CEO, Bill Watson, says investors have profited handsomely from regulated assets and need to heed the complaints they receive.
Troy Rieck, the superfund’s newly appointed CIO, talks fees, an increase in co-investments and debt commitments, and why he ‘doesn’t care’ about the definition of infra – as long as it’s a good investment.
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