LUCRF strengthens investment capabilities

LUCRF Super has taken greater control over its investment decisions with two new hires for the internal investment team and an increased focus on the fund's investment strategy.

Duncan Graham has signed on as LUCRF's senior property specialist, while Daniel Grioli will take the position of senior investment analyst. 

"It doesn't mean we're going to bring in-house all our investment operations, but it what it means is we have this internal capacity to set the course that we want that suits the strategic view that we have of the future and where we need to be," LUCRF chief executive Greg Sword said.

He said the hires would help the fund meet its medium-term policy objectives, which included developing options for members that met their needs throughout accumulation and pension stages.

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"It also gives you a much greater capacity to monitor and review the performance of the people who are acting on your behalf and that, of course, plays into reporting," he said.

Sword said LUCRF's financial advice licence held the fund to high standards in terms of product knowledge and availability.

"You have to have a view about the products and you have to have the products available to provide advice to people in varying circumstances … so you really need to have a lot of internal support for the product base you're going to use as well," he said. 

Graham's experience extends to developing, managing and implementing domestic and global investment strategies for institutional investors while employed at Future Fund, Pinnacle Property Group and m3property. 

Grioli brings experience as a senior investment analyst at FuturePlus Financial Services and was also an investment analyst at AUSCOAL, responsible for the fund's equity and cash portfolios.

He has a history of providing strategic advice on asset allocation, manager selection and portfolio construction to the superannuation industry.