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11 September 2025 by Adrian Suljanovic

No bear market in sight for Aussie shares but banks face rotation risk

Australian equities are defying expectations, with resilient earnings, policy support and a shift away from bank dominance fuelling confidence that ...
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US funds drive steep outflows at GQG Partners

Outflows of US$1.4 billion from its US equity funds have contributed to GQG Partners reporting its highest monthly ...

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Super funds’ hedge moves point to early upside risk for AUD

Australian superannuation funds have slightly lifted their hedge ratios on international equities, reversing a ...

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Australia’s super giant goes big on impact: $2bn and counting

Australia’s second largest super fund is prioritising impact investing with a $2 billion commitment, targeting assets ...

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Over half of Australian funds have closed in 15 years, A-REITs hit hardest

Over half of Australian investment funds available 15 years ago have either merged or closed, with Australian equity ...

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Are big banks entering a new cost-control cycle?

Australia’s biggest banks have axed thousands of jobs despite reporting record profits over the year, fuelling concerns ...

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Care Super makes board changes

  •  
By Christine St Anne
  •  
2 minute read

Industry stalwart Sandy Grant heads to the $3.5 billion industry fund.

Care Super has appointed Sandy Grant to the fund's board, following the resignation of one of its directors.

David Purchase resigned from the board due to work commitments. He had held a position on the board since 2000.

Grant has been involved in the industry fund sector since 1997. He has worked for Industry Fund Services as a managing director and was chief executive of the $13 billion fund, Cbus, from 2004 to 2008.

He is also a director of Members Equity and the Australian Institute of Superannuation Trustees.

 
 

"The board is extremely pleased to have secured someone of the calibre of Sandy Grant, who brings a wealth of experience and commercial insight," Care Super's chair Barry Watchorn said.

Grant will serve as an employer representative on the fund's board.

Industry funds are governed by a representative trustee model. Each board is now made up of an equal number of employer and employee (union) representatives.