“Fund liquidity has been well-managed in the not-for-profit sector so we do not see the need for increased liquidity requirements which would only raise costs and lead to lower returns for members. There is more to managing liquidity than the size of capital requiremens,” Reynolds said.
Investments
Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.
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