Asset Allocation
Australian Super Fund AMP Makes Bitcoin Allocation
With $36.24 billion in assets, AMP will allocate 0.05% to the digital currency that recently topped $100,000 in value.
Tag: Superannuation
Newsmakers
AustralianSuper Grows US Team With Senior Hires
The fund announced senior appointments to its New York office as part of plans to double its U.S. staff.
Newsmakers
Rest CIO Andrew Lill to Step Down
The first investment chief of the Australian superannuation fund will step down in November after more than four years in the post.
Pensions
REST Pension Core Strategy Returns 8.67% in Fiscal 2024
The Australian fund manages more than $53 billion in assets.
Corporate Moves
NZ Super Begins Hiring Process for Next CIO
Applications for the position are due July 1.
Pensions
Google Cloud Accidentally Deletes Australian Superannuation Fund’s Data
The $83 billion UniSuper saw its operations disrupted over the accident.
Asset Allocation
Octopus Energy Receives New Investments from CPPIB, GIM
The energy provider, recipient of a $370 million funding round, increases valuation to $9 billion.
Regulation
Australian Regulator Accuses Mercer Super of Greenwashing
The nation’s Securities and Investments Commission is suing the pension fund for allegedly misleading members about sustainability.
Newsmakers
Australia Seeks Public Consultation on Pension Legislation
Former government accused of raiding superannuation system ‘with devastating impacts’ on savings.
Asset Management Culture
2 More Aussie Pensions Eye Merger, Forming Down Under’s Largest Fund
Sunsuper and Qsuper hold consolidation talks on creating an A$183 billion portfolio.
Corporate Moves
Merging Australian Supers Get a New CEO
Computershare chief Scott Cameron will head Equipsuper and Catholic Super prior to consolidation.
Newsmakers
Two Top Australian Supers to Merge
Equip and the Catholic Super mark nation’s third big merger in three months.