POWERED BY MOMENTUM MEDIA
Rest reviews structure and creates CIO position
Industry super fund Rest has refined its investment structure and governance framework to position it for further growth following a 12-month review.
The fund, which has $57 billion in funds under management, said its investment arm Super Investment Management (SIM) would now be integrated into the fund’s internal investment team.
It also created a new position of chief investment officer who would be responsible for implementing the investment strategy, as set by the board and investment committee.
In the interim, this position would be taken over by George Zielinski and Rest said it would commence recruitment of a permanent CIO immediately. Zielinski joined Rest in 1997 and was currently CIO at SIM.
Simon Esposito would take on the position of head of SIM to manage SIM on a day-to-day basis while the transition was taking place.
Rest chief executive, Vicki Doyle, said: “Having a single team also allows the fund to be nimbler in decision making and will further align all our investments functions with the rest of the fund as we continue to deliver superior member and employer experiences.”
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
While the controversial measures have received little support in the Senate, the think tank has said Division 296 would “make the nation’s super system fairer”.
Australia’s super executives are increasingly aligned in their focus on consistent climate risk disclosure and reporting.
The financial services firms said it would provide CC Capital with limited access to “non-public” information to perform due diligence on its takeover offer.
IFM Investors and HESTA have announced a significant investment in an Australian-owned subscription vehicle provider, which boasts one of the largest electric vehicle fleets in the country.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
