AustralianSuper looks to further boost investment team

AustralianSuper is looking for two more analysts to round out its investment team following the addition of an Australian and international shares specialist late last year.

Mark Delaney, the chief investment officer for the $25 billion fund, said he was hopeful of recruiting “a couple” of analysts over the next six months. Late last year he recruited Richard Dalidowicz as one of two listed markets managers. Dalidowicz, who has previously worked at Funds SA, concentrates on Australian and international shares. He joined Joseph Wahba, who concentrates on income assets. The unlisted markets also have two managers, Terry Charalambous and Suzanne Findlay. Asked whether he expected to start to insource some funds management at some stage, Delaney said: “big funds eventually get to that point… but we are happy to walk before we run”. Big super funds looking to boost their investment teams has meant that the already tight labour market for analysts has become tighter over the past 12 months, particularly in Melbourne where many of Australia’s largest funds are based.

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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