Sunsuper seeks growth in Victoria

Sunsuper has appointed a new Melbourne-based business manager for its corporate business.

Diana Hale has taken on the role of Victorian business manager, replacing Geoff Duncan who retired from the position earlier this year. She will be responsible for Sunsuper’s existing corporate clients in Victoria, as well as for growing new corporate business in the state. Wayne Sullivan, the fund’s marketing manager, said Sunsuper’s corporate super has grown strongly over the past 18 months to two years. Sunsuper’s corporate super grew 123 per cent in 2005, reaching $1 billion by the end of the year, and is expected to reach $1.5 billion by the end of this financial year. Hale joins Sunsuper from Rice Walker Actuaries where she worked on strategy development for super funds. Prior to that she worked at Plum Financial Services, County Investment Management and Mercer Human Resources Consulting. Sunsuper manages $8.5 bullion in assets for over 850,000 members and 60,000 employers.

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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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