POWERED BY MOMENTUM MEDIA
Bracks to resign as Cbus chair for Federal Government appointment
Steve Bracks has signalled his intention to step down as chair of Cbus this September to pursue a Federal Government appointment as Australian-Consulate general in the US.
Bracks joined the board in early 2009 and helped successfully navigate the fund through a period of uncertainty, Cbus chief executive David Atkin said.
Bracks has also been the director of Cbus property was a former premier of Victoria.
The fund has built its infrastructure and property assets under Bracks including the recent 99 year lease of Port Botany and Port Kembla, the Port of Brisbane and Manchester Airport.
The industry fund will announce a replacement prior to Bracks official resignation.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
