The headcount of Sunsuper’s private markets investment team will increase to four when Mark Lee joins the $19 billion superannuation fund from WestLB on March 12.

Lee will join Sunsuper’s Sydney-based investment team to analyse property, infrastructure and private debt and equity investments and will report to Michael Weaver, who oversees the fund’s investments in private markets. Weaver confirmed Lee’s appointment.

Sunsuper, which is headquartered in Brisbane, invests about $3 billion in property, infrastructure and private debt and equity assets, including distressed debt, Weaver says.

At 30 June 2011, Sunsuper’s “balanced” investment option held 8.7 per cent of its capital in property assets, 7.6 per cent in private debt and equity, and 4.8 per cent in infrastructure, according to the fund’s 2010-2011 annual report.

But the fund aims to invest 9 per cent of balanced option capital in property assets, 7 per cent in private debt and equity and 5 per cent in infrastructure, according to its annual report.

At WestLB in Sydney, Lee worked in bank lending as manager of credit analysis, Weaver says. His appointment brings Sunsuper’s investment team to 15 people.

In November 2011 the fund hired Jason Huang as a portfolio analyst of fixed income and currency. Kevin Wong also joined as portfolio analyst of strategy and risk.

Simon Mumme became a fnancial journalist through a stroke of luck. Upon graduating with a Master of Journalism from The University of Queensland in 2006, he set out to fnd a news organisation that would employ him as an overseas correspondent or business reporter. Or both, ideally. Conexus Financial hired the bright-eyed cadet, and in the ensuing years he wrote for all of its titles until being appointed editor of Investment Magazine in June 2010. Under his guidance, the magazine continues to dominate the Australian institutional investment media through its authoritative, insightful and engaging feature stories and analysis. Outside of work, Simon trains keenly in Muay Thai kickboxing, revels in the surf breaks fringing the Sydney coastline and reads as much high-quality journalism and non-fiction writing as he can. Committed to his role as a niche business reporter, Simon is aware that an overseas posting as a correspondent still eludes him. He hopes Conexus can help him with that career goal too.
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