POWERED BY MOMENTUM MEDIA
ASCI CEO steps down
The Australian Council of Superannuation Investors (ACSI) has announced its CEO, Gordon Hagart, has resigned to go back to Europe.
He said the decision was right for his family.
"This has been a very difficult decision to take. I've loved every minute of my time in Australia at two great organisations — ACSI and before that the Future Fund — doing work that I believe is very important for the beneficiaries of long-term institutional investors," he said.
Hagart has agreed to stay until Easter to ensure a smooth transition to a new CEO, as the industry fund body starts its search process to replace him.
He was appointed as ASCI CEO in September 2013 when he took over the role from Ann Byrne.
Before that he was Future Fund's head of environmental, social and governance (ESG) risk management. He has also worked with the United Nations environment program in Geneva where he helped develop the Principles of Responsible Investments (PRI).
ACSI represents 31 industry super funds, which collectively manages over $400 million.
Recommended for you
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment