VisionSuper and Equipsuper may combine internal and external investment and administration functions when they merge in February.
VisionSuper internally administers its fund. Equipsuper outsources that function but has an internal investment team. VisionSuper outsources investments.
The combined fund, whose name will be decided upon in the next couple of weeks, will manage about $9.6 billion and have more than 170,000 members.
“We may have some internal and external administration,” says Rob Spence, chairman of VisionSuper. “There may be a balance between external and internal investing.”
The combined fund will have nine trustees who will appoint a new chairman to work with Danielle Press, CEO of Equipsuper, who will be the chief executive of the combined fund.
VisionSuper’s CEO Paul Curtin will be deputy CEO of the new fund.