Professional Associations Superannuation Limited (PASL), the $1.2 billion industry super fund, has overhauled its investment strategy, streamlining the investment options across its three divisions and reducing investment management fees by around 60 per cent.
Investment nous was a must in State Super CEO search
The chair of one of Australia’s largest super funds, State Super NSW, said that investment expertise was a major criteria in the selection of its new chief executive. Chris Durack, most recently the general manager of the internal investment teams at Challenger, started at the $30 billion-plus closed defined benefit fund for NSW public servants … Read more
REST Superannuation has added a new “growth alternatives” sub-asset class to its portfolio and awarded two new mandates worth a total of $300 million.
