Catholic fund commits to self-administration

The $4 billion, 90,000-member Australian Catholic Superannuation & Retirement Fund (ACSRF) has made a major software purchase which reaffirms its commitment to self-administration.

The ACSRF is understood to be in the midst of implementing Wealth.net, the front-office administration platform produced by Bluedoor, a subsidiary of DST International.

 

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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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