David Macri

Hedge Funds

Australian Ethical divests from gas

Australian Ethical is to divest from companies that supply gas, as it believes improvements in renewable energy technology are making low-carbon energy sources unnecessary. The $1.3 billion fund has never invested in coal or oil, and led the move to divest from coal seam gas in 2011. However, it has long invested in domestic companies […]
Hedge Funds

VicSuper, Australian Ethical Super move to after-tax benchmark

VicSuper and Australian Ethical Superannuation (AES) have both implemented a new FTSE after-tax benchmark for their Australian equity portfolios, which collectively amount to more than $2.4 billion of assets under management. The move signals a greater push among super funds to report after tax to investors, with a focus on the return after tax and […]