LGSS to get new investment committee chair, farewells veteran Woods

The new investment committee chair of Local Government Super Scheme NSW (LGSS) will be decided at a board meeting this month, following the retirement of employer representative John Wearne at the end of June.

The end of August saw the departure of another veteran employer-appointed trustee, with Peter Woods retiring from his seat after more than 10 years (spent mostly as chair) and also leaving the board of LGSS’s funds manager, FuturePlus. Replacing Wearne as the Shires Association of NSW representative on the LGSS board is Col Sullivan, an officer of Casino shire, while Woods’ replacement as Local Government Association of NSW trustee is Sam Byrne from Marrickville council.

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Future Fund boosts active equity program with new EM manager

Australia’s sovereign wealth fund has added an active equity strategy from a local boutique manager to its emerging markets allocation and dropped one of its existing providers after signaling it had identified "inefficiencies" in the space.

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