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.
18 September 2007 00:00
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Investments
As super funds work to understand their total portfolio exposure to the artificial intelligence thematic, a complex picture of hidden betas and “attachment points” is gradually emerging. They also need to figure out how to play the same thematic in the “tricky” China market.
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