Papua New Guinea

Hedge Funds

Profile: Michael Block, CIO, Australian Catholic Super

After two years establishing the investment division for Nambawan Super, Papua New Guinea’s largest pension fund, Michael Block has returned to Australia as the chief investment officer of the $7 billion Australian Catholic Superannuation and Retirement Fund. Australian Catholic Super had good performance for many years but a more conservative asset allocation than some others […]
Investment Strategy

Rugby helps PacWealth land $1.1-billion mandate

In 2009 Adam Hill was in Papua New Guinea, working in a Port Moresby accountancy office by day and coaching rugby union by night. Then the country’s national team the Pukpuks, or crocodiles, called. They didn’t want a coach. The Pukpuks wanted Hill, who had played more than 100 first-grade games for Sydney rugby club […]
Investment Strategy

PNG gives PacWealth $1.1 billion

PacWealth Capital, a Port Moresby-based investment management and advisory firm, has been given a $1.1 billion mandate by Papua New Guinea’s National Superannuation Fund. “The mandate is evidence of the evolution of financial services in PNG that is being driven by wealth creation in a range of industries including mining,” says Ian Jenkins, PacWealth’s chief […]
Investment Strategy

Tuvalu invests with AMP

The Tuvalu Trust Fund, the $120-million sovereign wealth fund of the central Pacific nation, has given AMP Capital almost half of its money to manage. Sydney-based AMP will manage $55 million of Tuvalu’s money in its multi-asset fund, which seeks to produce a return of 5.5 per cent above inflation over five years. Tuvalu, which […]