Institutional investment house Queensland Investment Corporation (QIC) has appointed State Street to provide investment services to its new Irish-domiciled qualified investment fund (QIF).
Under the mandate, State Street will provide custody, fund administration and performance and analytics services for QIC.
QIC announced the establishment of the QIF earlier this year as a means of making its Global Fixed Interest Alpha Fund available to investors outside of Australia.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
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