When super funds go to warBY ALEX DUNNIN | FRIDAY, 11 MAR 2022 1:35PMIt seems Australian government political leaders, are beginning to understand how global capital markets really work. Yes, central banks and big business are important, but a ... Upgrade your subscription to access this article
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Cover Story
The super, super fund
DEANNE STEWART
CHIEF EXECUTIVE OFFICER
AWARE SUPER
CHIEF EXECUTIVE OFFICER
AWARE SUPER
Aware Super has marked its expansion into Europe with the grand opening of its London office.
Thanks Alex for your usual clarity of thought and brave insights. The political u-turn, with the Government now trying to court APRA-regulated funds, is mind-boggling. The precedent is interesting: in the new YFYS performance-benchmarked world, meeting the benchmark becomes paramount. What if divesting Russian assets had created material tracking error and jeopardised performance v this test? While Russia divestment doesn't, what if the next thing the Government recruits large funds for does? How on earth will funds reconcile these conflicting, yet both potentially existential, duties?