POWERED BY MOMENTUM MEDIA
Tasplan and Quadrant enter heads of agreement
Tasplan and Quadrant have entered into a heads of agreement to look into a merger.
It comes as the funds want to see if a merger would enhance superannuation services to the members and employers of both funds.
Tasplan’s chair Naomi Edwards said the funds would bring complementary aspects to a merger.
“Improved product range and quality and expansion of services to all regional areas of Tasmania are key considerations,” she said.
Quadrant chair Brent Armstrong said a merger would benefit not only Tasmanian members but the broader community.
“A larger, stronger Tasmanian superannuation fund ensures that we retain employment and expertise within the state and maintain important local connections with our communities,” Armstrong said.
The entity would have about 115,000 members and over $3 billion in funds under management should the merger go ahead.
Recommended for you
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
Rest has joined forces with alternative asset manager Blue Owl Capital, co-investing in a real estate trust, with the aim of capitalising on systemic changes in debt financing.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
