Jo Townsend

Investment Strategy

Funds SA chair to step down after 15 years

Funds SA chair, Dr Helen Nugent, will step down from her position on December 8, 2015. Nugent has served 15 years as chair of Funds SA. During this period, funds under management have increased five-fold with current funds now at over $26 billion. The super fund said investment returns have been a significant contributor to this […]
Investment Strategy

REST loses second COO in 6 months

Jo Townsend is to become chief executive of Funds SA on April 20 leaving REST Super after seven years in a variety of roles, most recently as chief operating officer. Townsend started her career as a fixed income manager, before moving to REST as an investment manager, rising to become general manager of investments before […]
Investment Strategy

REST to run active Aussie equities in-house

The $27 billion industry superannuation fund REST will push the button and go live with its internal, actively-managed Australian equities strategy in December, expanding on its established funds management capabilities in infrastructure, fixed income and cash. REST, which has been internally managing money for over 16 years, has been running a paper Australian equities portfolio […]
Investment Strategy

‘Rush’ to boost internal investment capability

The pace of increase in internal investment teams at superannuation funds is increasing, according to an Investment Magazine survey. Feedback from 19 chief investment officers at some of the largest super funds found that 40 per cent are planning on adding internal capacity over the next three years. A year ago the same survey found […]
Unintentional

Super, apart from the REST

Jo Townsend, the chief investment officer at REST Industry Super, says the fund tries not to get caught up in the day-today noise of investment markets. REST is not only investing according to a long-term horizon, it’s willing to depart from the pack when making investment decisions. “Our fundamental investment belief is that it is […]
Custody

Post-cost relationships key for custody

It’s not primarily a matter of cost. In Australia’s near-saturated custodian marketplace, superannuation funds have hit the spotlight on custodians’ primary service offerings and relationship engagement as they go out to tender. Jo Townsend, general manager of investments at REST Industry Super, says the fund felt it was “appropriate to go back to basics” in the […]