As COVID-19 continues to impact working conditions, many asset owners and managers have slowed or put a hold on hiring until the situation becomes clearer, according to Super Recruiters.
Sally Humphris, executive director at Super Recruiters, said restrictions on face-to-face meetings at most organisations were obviously slowing recruitment.
“While industry leaders started the year optimistically [with] employment and hiring, the situation has certainly changed in the past few weeks,” Humphris said.
“Though some key roles are certainly progressing and we are still placing CEOs [chief executive officers], as well as planners and operations candidates.”
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.