The Australian superannuation fund is looking to add to the team across all asset classes and increase its internally managed portfolio from 20% to as much as 50% within five years.
Insto roundup: Dai-ichi Life buys $119m climate bond; Singapore's PropertyGuru to merge with Richard Li-backed Spac
Hesta reports record 23% return for sustainable growth option; Aware Super reaches $110 billion in AUM; People's Bank of China to continue supporting ESG bonds; US-based Generate raises $2 billion from international pension funds; Korea's CWMAA looking to hire for foreign infra mandate; Temasek enters $103m JV with nanotech firm; and more.
AustralianSuper, Aware Super and Cbus continue to be optimistic about equity returns after posting their best performance in decades, even as half of Australia goes under lockdown.
Property is hot in Australia and the country's second-largest super fund has 75% of its real estate portfolio tied up locally. Is now the right time to enter Asia?
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
The country's economic rebound and proposals to support more growth bode well for investment returns, but supers are unhappy the budget did not offer more support for women.