NSW electricity industry-based fund, EISS Super, has begun the tender process to select an asset consultant.
The tender process is being run by Deloitte and follows on from a needs assessment recently undertaken by the fund.
EISS, which has been named as a finalist in the Super Review Super Fund of the Year Awards, has undertaken much of its asset allocation in-house.
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.