Investment Strategy

LGS dumps InTech, looks to hire investment analyst

The $4.7 billion NSW Local Government Superannuation Scheme (LGS) has cut ties with its asset consultant of three years, InTech Investment Consulting, and appointed an international competitor, while the fund is looking to beef up its internal resources later this year to help meet reporting requirements under the UN Principles for Responsible Investment (PRI).
Hedge Funds

Super fund returns: be satisfied with 5%

We have heard it before, but this time it’s serious: the reward for risk will probably be lower going forward and super funds should be satisfied with a real return of about 5 per cent a year, the Russell Investments conference was told.