The past year has seen Cbus Super bolster its team and systems - adding to its internalisation of investments - continue down the journey of fee reduction and deliver the best return of the fund’s 37-year history. Amanda White spoke to CIO, Kristian Fok.
The sharp market falls triggered by the pandemic brought the longest recovery ever in modern finance to an abrupt end. But despite the turmoil unleashed by COVID, it has not wrung out the market excesses of the last 13-year cycle. It means another wave of corporate failures could appear on the horizon in a shorter timeframe than expected, and offer more opportunities for distressed debt investors, according to Victor Khosla founder of SVP Global.
Organising teams to develop thinking outside of investment silos has helped Cbus navigate recent liquidity challenges and devote deeper thinking to structural trends, the A$54 billion fund’s CIO Kristian Fok says.
Australia’s $34 billion pension fund for the construction industry is moving nearly half of its asset management in-house, starting with active equity and infrastructure.
Representatives from CalPERS and Cbus Super joined academics in challenging large investors to do more for sustainable finance and outlining some practical ways to achieve this goal.
The CIO role of the Australian construction industry fund, Cbus Super is shared. Here we examine the success of that partnership and the fund's plan to bring up to 20 per cent of assets inhouse.
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