Two new partners have signed up to Future IM/Pact, a campaign launched last year aimed at attracting more diversity to investment management, bringing the number of key fund managers and superannuation funds to participate to 14.
Challenger Limited and Macquarie Securities were the newest signatories to the scheme, which would have an initial focus on women.
“We realised that attracting women into our business requires grassroots education about what a career in investments offers. We’re delighted to be working alongside other industry leaders to raise the profile of this profession and provide meaningful opportunities for young people to get a foot in the door,” Challenger Life chief executive and chief investment officer, Chris Plater, said.
“Addressing an industry-wide challenge like this requires collaboration across all aspects of industry,” Macquarie Securities head of research, Kristen Edmond, said. “It’s refreshing to be able to partner with our clients to implement practical solutions aimed at building our future talent pipeline.”
Future IM/Pact would be running events in Melbourne and Sydney this week aimed at helping students understand the impact of investing and the opportunities the sector offered young women.
Australia’s second-largest super fund has explained its approach to the Asian giant and how it is balancing underlying risk, adding that avoiding China altogether may not be a “doable strategy”.
New research indicates that industry superannuation funds are poised for significant growth, posing a challenge to traditional active managers.
Challenger reported growth of 190 per cent in lifetime annuity sales, having realised an “extraordinary” opportunity in retirement.
The ethical asset manager has launched an infrastructure debt fund in association with specialist manager Infradebt.
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