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AustralianSuper

Today

AirTree Ventures partners Jackie Vullinghs, John Henderson, Helen Norton, James Cameron, Craig Blair and Elicia McDonald will have $650 million more to deploy.

Airtree raises $650m for new start-up investment funds

The money for the high-profile venture capital firm’s two new vehicles came from institutional investors in the US and from three Australian super funds.

  • 18 mins ago
  • Paul Smith

Yesterday

Anthony Albanese in Peru.

PM’s financial advice reforms at risk of collapse

The government’s efforts to get a deal on giving more Australians access to good financial advice without paying thousands of dollars have stalled after an impasse on funding.

  • Updated
  • Jennifer Hewett

This Month

Greencross chairman Joel Thickins, centre has appointed Lucas Barry, right, as the new CEO to succeed George Wahby.

Greencross names new CEO as TPG eyes exit path

The new chief executive of the vet clinics and Petbarn and City Farmers pet stores arrives amid intense competition from Woolworths and other big retailers.

  • Carrie LaFrenz

Australia’s most complained about super funds revealed

Embattled construction industry fund Cbus topped the list of major funds, new data shows, but complaints across the sector jumped last financial year.

  • Hannah Wootton

October

Disappointment: The Suns had high hopes of making the finals in Damien Hardwick’s first year in charge.

Super funds fork out $423m in marketing blitz

Superannuation funds spent millions of members’ retirement savings on marketing, including sponsorships of AFL and NRL clubs.

  • Hannah Wootton
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Superannuation reporter Hannah Wootton and Australian Super chief investment officer and deputy CEO Mark Delaney.

‘It burns’: AusSuper CIO tormented by $1.1b private equity fail

Mark Delaney spoke candidly about having to write off that sum in equity and loans tied to an American online education start-up.

  • Jonathan Shapiro
Mineral Resources chief Chris Ellison in 2016.

MinRes’ Chris Ellison goes MIA in France

The managing director’s out of the country, while his company’s investigation into him continues to evolve.

  • Mark Di Stefano
MinRes founder Chris Ellison.

MinRes expands probe into alleged tax dodge to address ‘inconsistencies’

The West Australian mining company will on November 4 report on its inquiry into allegations that its billionaire founder Chris Ellison ran a tax evasion racket.

  • Elouise Fowler and Hannah Wootton
ACSI CEO Louise Davidson, Aware Super CEO Deanne Stewart and HESTA CEO Debby Blakey are demanding more answers from companies around cultural issues.

Big super pushes boards on culture after WiseTech, MinRes dramas

Industry superannuation funds are ramping up their focus on the culture of the companies they invest in as scandals wipe billions off corporate valuations.

  • Updated
  • Fiona Buffini and Hannah Wootton
AustralianSuper has sold down its exposure to Mineral Resources following allegations of tax evasion by Chris Ellison.

AustralianSuper sells down MinRes stake as board reels from scandal

The sale, disclosed after the market closed on Friday, takes the $340 billion industry fund below the substantial shareholder level.

  • Hannah Wootton
The Macquarie Park Data Centre in Sydney.

Big banks fund Macquarie Technology bid to cash in on AirTrunk effect

The funding agreement came as new research showed investment in data centres was expected to hit $26 billion by 2030 amid booming demand from technology giants.

  • Paul Smith
Data centres, such as this one owned by Amazon in the US, use huge amounts of energy.

Big super’s obsession with data centres comes with an energy warning

AustralianSuper poured $2.2 billion into a US data centre company this week, but ESG experts warn the energy-hungry assets could compromise net zero targets.

  • Hannah Wootton
AustralianSuper’s Jason Peasley says the fund has committed to new data centre investments in the United States, Europe and Australia in the past year.

AustralianSuper’s new $2.2b bet pours fuel on data centres blaze

Shut the gate, the super giant has completed a rare trifecta in Australian deals. And it is in powered property shells, of all things.

  • Anthony Macdonald
xx

Wong backs US threat; Mortgage wars return; $1b founder growth tips

Read everything that’s happened in the news so far today.

AustralianSuper has made a bet on datacentres.

AustralianSuper makes $2.2b bet on US data centres, AI

The industry super fund has made a massive investment in DataBank as it seeks to capitalise on the artificial intelligence gold rush.

  • Hannah Wootton
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Top earners: Mark Delaney, Deanne Stewart, David Elia and John Pearce.

Big super’s executive gender pay gap revealed

Analysis by The Australian Financial Review also shows who the highest-paid superannuation bosses were last year.

  • Hannah Wootton
ASIC wants a $27 million fine from the Federal Court against AustralianSuper.

‘No excuse’: ASIC seeks $27m fine against super giant for customer care fail

The corporate watchdog asked the Federal Court for a penalty with “real sting and burden” against AustralianSuper as a warning to the wider sector.

  • Hannah Wootton
AustralianSuper chairman Don Russell is the country’s highest-paid super fund director.

Revealed: Which super fund directors earn the most

Payments to directors at one fund outstripped those of comparable size by more than half a million dollars, despite delivering worse returns than most of their rivals, analysis by AFR Weekend shows.

  • Hannah Wootton
xx

ASX slumps; Beirut bombarded; The whole world’s going private

Read everything that’s happened in the news so far today.

Testing of a Russian ballistic missile in 2022. Australian super funds are exposed to nuclear weapons.

AustralianSuper ESG option invested in nuclear weapons: report

Australia’s 14 biggest superannuation funds are investing about $3.4 billion in nuclear weapons despite many promising to avoid controversial arms.

  • Hannah Wootton

Original URL: https://www.afr.com/topic/australiansuper-jla