Jon Linehan, AustSafe chief executive officer, has left the Brisbane-based fund to return to Melbourne for ‘family reasons’.
He will be replaced by Craig Stephens, Superpartners branch head in Brisbane. Linehan was previously general manager at Australian Unity but left there late 2004, and joined AustSafe early last year. He was also chief executive of HostPlus until 2002 when current chief David Elia took over the reins. AustSafe has just under $700 million in funds under management and 150,000 members. Stephens will join the fund on October 9, 2006. Ashby Utting, AustSafe fund secretary confirmed that it was Linehan’s decision to leave the fund for family reasons. Linehan and Stephens are both on leave and could not be contacted for this story.
There is one investment area where Insignia’s $180 billion super arm has not lost money for the past 17 years, which is what it calls the insurance-related investments. The alternatives strategy is gaining popularity among asset owners due to its diversification benefit, but Insignia’s super and asset management investment chief Dan Farmer warns it is a space where investors can suffer if they “stumble in without doing the homework”.
Darcy SongJanuary 23, 2025
