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Cbus Super expands asset allocation team
Two new hires from QIC and AustralianSuper have joined the Cbus Super investment team.
Divya Jain was named portfolio strategist following a seven-year stint at AustralianSuper, most recently as associate portfolio manager in the fixed income, credit and currency (FICC) team.
Her experience included broader currency management and portfolio construction.
Nathan Cotton would join as a senior analyst, focusing on macroeconomic and market analysis and research of relevance to the Cbus investment portfolio. He had previously been with QIC for six years and had also worked as an economist with the Reserve Bank of Australia (RBA).
According to Cbus Super chief investment officer, Brett Chatfield, the new appointments were part of ongoing enhancement of the fund’s strategic and dynamic asset allocation processes.
“The ongoing, general, focus to bring resources in-house where the business case is strong has paid dividends with the Cbus team now managing 37.6% of the portfolio in-house and in hybrid strategies, helping to save members more than $500 million in investment fees since 2017,” Chatfield elaborated.
“We see a whole range of benefits including greater insights for our asset allocation process, sharpening our external manager selection, highly efficient liquidity and exposure management, extensive incorporation of responsible investing principles to drive long-term sustainable returns, and more granular risk and performance analytics.
“All of this combines to continue to deliver strong returns to our members.”
As of June 2022, the industry super fund managed over $70 billion for its more than 850,000 members.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist at Money Management and Super Review, with a focus on financial advice, investments, funds management, and superannuation. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
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