The founding head of Acumen Super, Peter Robertson, will depart the REST-owned corporate pension vehicle and become the chief executive of the Stevedoring Employees Retirement Fund (SERF) early next year.
Robertson worked at the REST industry fund for five and a half years and helped set up Acumen in 2002. The acting chief executive of SERF since July, Ross Taylor, said he would have no further involvement with the fund following Robertson’s transition, and no confirmed future plans at this stage. Robertson will also become chief executive of SERF’s internal administration company, Maritime Financial Services. Talks between SERF and fellow self-administered funds Seafarers Retirement Fund and Auscoal, regarding the sharing of backoffice resources, had been put on hold while a permanent chief executive was found. SERF will introduce income protection insurance for most members from February 2007.
The $355 billion AustralianSuper has acquired a $1.4 billion European industrial and logistics portfolio, owned by OMERS real estate subsidiary Oxford Properties. The nation’s biggest fund is targeting a $7.5 billion valuation for the venture and $35 billion allocation in European and UK region before 2030, supported by its biggest international office in London with 121 employees.
Darcy SongJanuary 14, 2025
