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Chief executive misbehaviour stifles investment returns

ANDREW MCKEAN  |  THURSDAY, 23 JAN 2025  |  NEWS
Secret affairs, sexual harassment, and systemic abuses of power by chief executives and senior leaders have the potential to erode investment returns, according to Acadian Asset Management. Events like these can shake company valuations, demonstrating ...

Super moves: ART, QIC, Rest, CareSuper

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025  |  NEWS
QIC has welcomed two new starters to its state investments team: a portfolio manager in Brisbane and a senior portfolio manager in Sydney. Daniel Rigney has been appointed as portfolio manager, arriving from Rest Super, where he managed quantitative ...

Ausfood Super appoints chief executive

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025  |  NEWS
Australian Food Super, the superannuation fund set up for employees in the meat industry, has named Michael Sykes as its new chief executive. Formerly known as the Australian Meat Industry Superannuation Trust or AMIST Super, the fund has $3 billion ...

Payton Capital strengthens NSW leadership

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025  |  NEWS
Payton Capital, the private debt fund manager, has appointed a Suncorp executive to lead the firm's borrower services in New South Wales. The wholly owned business unit of HMC has recruited Kieran Turner as the state manager of New South Wales. ...

Team Super names retirement chief

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025  |  NEWS
A former Aware Super head of advice has been appointed chief retirement officer at Team Super ahead of its merger with TWUSUPER to create a $21 billion fund. Reporting to chief executive Vasyl Nair, Sarah Forman has taken up the new role at Team Super ...

Fidelity picks Southeast Asia lead

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025  |  NEWS
Fidelity International has appointed Wildon Goh as head of Southeast Asia and country head of Singapore. Goh succeeds Sabrina Gan who left the firm in December to Goldman Sachs' client solutions group as head of third-party wealth in Southeast Asia. ...

Hostplus names deputy CIO

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025  |  NEWS
Hostplus has promoted Susan Orr to deputy investment chief following the recent departure of Con Michalakis who has taken on the top investment job at Funds SA. The $115 billion industry fund for hospitality workers confirmed that Orr will now serve ...

More climate exits as Trump takes charge

ROSE MARY PETRASS  |  WEDNESDAY, 22 JAN 2025  |  NEWS
Northern Trust and two other asset managers have left Climate Action 100+ (CA100+) as four banks exit the Net Zero Banking Alliance (NZBA). Northern Trust is the latest to depart both CA100+ and Net Zero Asset Managers initiative (NZAM); MFS Investment ...

Ethical investment holdings double: CoreData

ANDREW MCKEAN  |  WEDNESDAY, 22 JAN 2025  |  NEWS
The number of high-net-worth (HNW), core affluent, and mass affluent investors holding ethical and sustainable investments has roughly doubled over the past year, according CoreData. The CoreData research obtained by Financial Standard seeks to capture ...

Green budgets fatten amid global uncertainty

ROSE MARY PETRASS  |  WEDNESDAY, 22 JAN 2025  |  NEWS
Although cautious about the broader global economy, Australian companies are confident about growth in 2025 and are pouring funds into decarbonisation - marking 2025 as an attractive entry point for green investors. The finding comes from a Capgemini ...