Solaris Investment Management has appointed an environmental, social and governance (ESG) specialist, Lisa Domagala, to its team in response to the call for further ESG awareness from institutional investors.
Domagala will take on to a permanent part-time role as ESG analyst with the Australian equities funds manager, having provided additional support to the company since March 2010.
“Having a person with both the market and ESG experience of Lisa Domagala enhances our capability as a funds manager and responds to the call for ESG awareness from institutional investors with a responsible asset management imperative,” Solaris managing director Denis Donohue said.
Solaris currently manages around $4 billion on behalf of retail and institutional investors. The boutique firm has ten funds management professionals on its investment team.
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.