Asset allocations and investment strategies would also be considered by trustees, with the CueSuper experience showing it was important to get investment committees and asset consultants together, Rodwell-Ball said, to ensure there was “no risk or loss of value in the first few months of the merger”.
Mergers & acquisitions
Aware Super has axed TelstraSuper’s entire investment team, including its acting CIO Kate Misic, as a result of the merger between the two funds. A TelstraSuper spokesperson confirmed to Investment Magazine that a “decision was made not to duplicate TelstraSuper’s investment functions” due to Aware’s existing 150-person strong investment team across Australia and the UK.
Leave a Comment
You must be logged in to post a comment.