POWERED BY MOMENTUM MEDIA
HESTA and Mercy Super complete fund merger
Hesta has completed its merger with Mercy Super with 13,000 members moving to Hesta.
This brought total funds under management to almost $70 billion.
Hesta CEO, Debby Blakey, said: “It’s fantastic that this merger continues to build on HESTA’s strong growth, and I’d like to take this opportunity to welcome Mercy Super members who can be assured they continue to be in a top-performing fund.
“We’re honoured to continue the legacy Mercy Super has built as we share a long-term focus and commitment to delivering better retirement outcomes for all our members.”
The merger, which took eight months to complete, would see Mercy Super’s employees join Hesta and the retention of an on-site location at Mater’s South Brisbane Hospital to provide support for members.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over 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(%)
