Investment Strategy

Knowing members by name: AvSuper’s chair, George Fishlock

George Fishlock is the chair of AvSuper and well known by members in the tight-knit industry of air traffic control services. Investment Magazine reports on what a close relationship with a membership can enable a fund to do. Walking around the Airservices Australia building at Melbourne Airport, the hub controlling flights over half of Australia’s airspace, many […]
Policy and Regulation

Chairs say governance changes are unnecessary and risky

The chairs of AvSuper and CareSuper say proposed legislative changes to superannuation boards will increase risk to a sector that has not experienced wide-spread issues with governance. While the chair of UniSuper, who is an independent, was more reticent in his criticism he too foresaw problems with changing the size of boards – a necessary […]

AvSuper launches full in-house financial planning service

AvSuper has extended its financial personal advice service to provide a full in-house financial planning service to members. The $2 billion fund appointed three fully qualified and licensed financial planners last month to serve its 6,500 members in air services (including pilots, air traffic controllers and those working in the airside fire service). They are […]

Boards urged to focus on strategy, not implementation

A greater focus on strategy and asset allocation rather than smaller matters is a simple step for boards and investment committees to improve fund performance, delegates at the Conexus Financial Chair Forum heard last week. Discussing the relationship between good governance and investment performance, chair of the investment committee at Equip Super, Andrew Pickering, said […]
Investment Strategy

AvSuper mandate for Perpetual

The aviation industry-based superannuation fund AvSuper has awarded a $75-million mandate to Perpetual Investments, to be managed in a concentrated Australian equity strategy. AvSuper has about $1.4 billion in funds under management and 6100 members. The concentrated equity strategy is managed by Paul Skamvougeras, who says the concentrated equity portfolio typically holds about 30 stocks. […]
Investment Strategy

AvSuper custody contract rubs salt in NAB wound

Pierre Jond, the man in charge of BNP Paribas’ custody business in Australia, confidently predicted this year there will be “good news” for his bank in winning new business. The statement by AvSuper that the $1.25 billion fund has chosen the French bank as its new custodian is good news, even if the modest size […]