Daniel Kemp
The government’s superannuation reforms, which were heavily criticised in some quarters for using crude benchmarks, will use MSCI’s unlisted benchmarks after industry consultation.
Infrastructure’s biggest managers are finding price dislocations on the listed market. We find out where – and what they need to be wary of.
In a shift in strategy since its rebrand, Aware Super is ‘not really focused’ on supporting new fund managers or blind-pool funds, senior portfolio manager Mark Hector says.
The Lucky Bay shallow-water port, operational since mid-2020, could list in late 2023 following a capital raise to fund expansion and repay construction debt.
All Chinese investors were essentially classed as sovereign capital by the government last year, sources say, but the stance may be softening in 2021.
The $2.1bn deal will see the partners acquire an 836MW operational wind portfolio and a 5GW development pipeline across multiple technologies.
The proposed assessment for superannuation funds has drawn criticism over its use of listed indices to benchmark the performance of unlisted assets and its unusual eight-year timeframe.
The fund will focus on projects in Japan, South Korea and Taiwan to capitalise on feed-in tariffs and the countries’ decarbonisation targets.
Aware Super, Cbus and Hesta say dealflow is high after a covid-induced lull in 2020, with all having ambitions to further diversify their portfolios.
Ares and AMP Ltd will form a new joint venture covering AMP Capital’s private markets businesses, including infra and real estate, with Ares assuming management control.