ASIC halts K2 affiliated fund
ASIC has issued an interim stop order on Storehouse Residential Trust, a managed fund promoted by K2 Asset Management.
Ensombl officially launches in South Africa
After announcing a capital raise, professional networking platform Ensombl has officially expanded its international presence with a launch in Cape Town, South Africa.
New Zealand Super Fund invests in Euroclear
The New Zealand Super Fund has acquired a 4.99 per cent share in Brussels-based company Euroclear.
Climate, AI, inflation front of mind for insto investors
The environment and economy, both with the overlay of geopolitics, are the biggest investment challenges but also carry huge opportunities, last week’s AIST Superannuation Investment Conference heard. Artificial intelligence, decarbonisation and re-industrialisation were some of the weighty themes that came up again and again.
Hostplus, Maritime Super complete merger
Hostplus and Maritime Super have completed their merger after signing a successor fund transfer in December 2022.
Members push back on funds’ pension products
Around two-thirds of non-retirees do not feel prepared for retirement, and almost half are reluctant to use their super fund’s pension product, according to research from Investment Trends. The findings come as the government and regulators lambast super trustees over their perceived lethargy towards meeting their obligations to offer a retirement strategy and solutions under the Retirement Income Covenant.
Future Fund on hunt for venture capital despite bearish outlook
The Future Fund will deploy capital to early-stage companies despite warning that persistent high inflation will continue to create a challenging environment, especially for risk assets. Australia’s $206 billion sovereign wealth fund says it has “high conviction” in its external specialist venture capital investors and will continue to add more active managers to its books six years after going all-in on passive.
ART ethical option among 96 products to fail YFYS test
Almost 100 trustee-directed products have failed the annual performance test in their first assessment since it was extended from MySuper funds. The bulk were legacy products operated by AMP and Insignia Financial, but Australian Retirement Trust’s QSuper Socially Responsible option also fell foul of the test.
OpenInvest partners with BGL for data integration
Online investing platform OpenInvest has begun providing a data feed into software provider BGL’s Simple Fund 360 and Simple Invest 360.
Class appoints GM
SMSF software company Class has appointed Kate Anderson as general manager of operations.
AustralianSuper appoints international & private equity head
AustralianSuper has appointed Mark Hargraves as head of international and private equity.
‘Fear of running out’ is real for many retirees: fund CEOs
Australians have been accused of living “more frugally” than they need to in retirement, but the reality when you talk to those nearing or in retirement is that there’s a lot of fear out there, according to Aware Super CEO Deanne Stewart.
