POWERED BY MOMENTUM MEDIA
AUI appoints former Investa managers
Following its recent purchase of the responsible entity for Investa Fund Management Limited's property funds, Australian Unity Investment (AUI) has appointed three former Investa employees.
Mark Lumby will step into the role of head of office and industrial property funds at AUI, after serving as general manager for retail funds at Investa. Lumby has 18 years experience in funds management, and helped establish and manage Australia's first geared property security fund during his time at Trafalgar Corporate Group.
Grant Nichols was a fund manager at Investa, and has been appointed as a portfolio manager in the AUI property business. He was with Investa for eight years as an asset manager, and later as a fund manager. Before that he worked for AMP on the AMP Office Trust.
Simon Beake will transition from fund analyst at Investa to senior analyst at AUI. Before his time at Investa, Beake was an accountant and analyst for Biwater Group and Cascal Services Limited.
Lumby, Nichols and Beake will be tasked with managing the newly named Australian Unity Office Property Fund, the Australian Unity Fifth Commercial Trust and the Australian Unity Second Industrial Trust.
Mark Pratt, general manager for property, mortgages and capital manager at AUI, said the appointments would add to AUI team's expertise as well as ensuring continuity at the newly purchased funds.
Recommended for you
The industry fund has upped its investment in start-ups, helping to unlock the benefits of innovation and emerging technologies.
The chair of the Future Fund has slammed critics of the sovereign wealth’s new mandate as “factually incorrect”.
Super Review understands the Division 296 legislation could be facing the chopping block, with Labor said to be struggling to secure support ahead of the final sitting week of the year.
Deloitte Access Economics has raised concerns about the government’s recent changes to the Future Fund’s investment mandate, questioning the necessity and implications of the reforms.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
