Referring to asset consultants, Mc- Farlane rated Australian and Canadian businesses above their global peers. He said Australian consultants “talked to us as the [Walter Scott] fund was launched and made a decision” about its suitability for superannuation funds. “In Australia, it’s what you do. In the US, they’re all waiting to see what Morningstar says.” In Australia, Walter Scott, a buyand- hold growth manager, is used by MLC, State Super Financial Services and the Macquarie Professional Series. McFarlane himself earned enormous wealth during his nine-year tenure with the company. Following BNY Mellon’s acquisition of Walter Scott in 2006 for £215 ($384.3)million, McFarlane’s 20 per cent stake in the company was estimated to have earned him £43 million ($76.8 million), according to The Times newspaper. The firm’s new managing director is Jane Henderson.
Investments
Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.
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