Daniel Kemp
Estimates suggest that as much as A$50bn could be withdrawn from superannuation funds.
All foreign transactions will be subject to FIRB review, a process that will now take six months instead of 30 days.
Managers should get ready for internationalisation, downward pressure on fees and bigger private capital allocations, should the current wave of mergers come to pass.
The asset manager has pulled plans for either a private sale or IPO for an Australia-based coal export terminal amid travel restrictions and market volatility.
The combined entity would have more than A$180bn of AUM and be larger than the country’s current largest fund, AustralianSuper.
Peter Costello says partnerships with local investors and greater transparency on the part of sovereign funds is the way forward.
Heavyweight Australian investors back a new workplace diversity initiative as LPs admit the issue is a factor in their investment decision-making.
Matt Whineray, who has been with NZ Super since 2008, will take the helm of the $26.3 billion fund on 1 July.
Australia’s sovereign wealth fund creates five new roles, split by asset class, after head of property exits.
Michael Dwyer announced his retirement on Thursday and will remain in post until a successor is appointed.
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