POWERED BY MOMENTUM MEDIA
AustralianSuper appoints Beijing-based Asia strategist
Big industry super fund AustralianSuper has appointed Stephen Joske to the role of senior manager, Asia.
AustralianSuper is one of the first industry super funds to have an investment strategist "on the ground in Asia", according to the fund's chief investment officer Mark Delaney. Joske will be based in Beijing.
"Over the last few years we have been steadily been growing our in-house investment expertise and are very pleased to have been able to appoint someone of Stephen Joske's specialist expertise and experience in Asia to develop our investment strategy for the region," Delaney said.
Joske makes the move from The Economist Intelligence Unit, where he was director of the China Forecasting Unit.
His role with The Economist involved "managing a team of expert economists and econometricians to provide advice to companies on the factors driving structural change within the Chinese economy", according to AustralianSuper.
Prior to his role at The Economist, Joske worked at the Australian Embassy in Beijing as the Senior Australian Treasury Representative to China.
He has also represented the Australian Treasury at APEC and OECD meetings.
Joske will begin his role with AustralianSuper on 22 February, and will report to Delaney.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
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(%)
