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Superannuation
04 July 2025 by Maja Garaca Djurdjevic

Retail super funds deliver double-digit returns despite market turbulence

Retail superannuation funds Vanguard Super and Colonial First State have posted robust double-digit returns for FY2024–25, driven by a recovery in ...
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Markets climb 'wall of worry' to fuel strong super returns, but can the rally last?

Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an ...

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ASIC levy for investment and super sector set to rise 9%

The corporate regulator has released its estimated industry levies for FY2024–25, with the cost for the investment ...

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Diversified portfolios deliver for industry funds as markets flourish

Another strong year for equities, both domestic and global, has driven largely positive returns for these industry super ...

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VanEck warns of looming US asset unwind as key risk signals flash red

VanEck has signalled an impending major unwinding in US assets, after issuing a warning that the world is largely ...

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Metrics makes 2 acquisitions ahead of consumer lending expansion

Metrics Credit Partners has completed the acquisition of Taurus Financial Group and BC Investment Group as it looks to ...

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BT sheds another senior staffer

  •  
By Stephen Blaxhall
  •  
2 minute read

Not even the promise of an options package from the group's proposed IPO could stop BT losing its second senior staff member within a year.

BT multi strategies head Al Clark has left the group six months after getting the top job.

Clark was anointed into the newly titled role in March following the departure of BT head of alternative investments Richard Keary.
 
The division encompasses the group's balanced and hedge fund products, exposure management and quantitative research.

Clark is believed to be heading to Singapore, to a yet unnamed manager.

Clark joined BT's investment management team from Macquarie Fund Management's domestic fixed interest division in 2006.

 
 

A BT spokesperson said the group was looking to appoint a successor by the end of this week and was talking to both internal and external candidates.

Earlier this moth BT chief executive Rob Coombe said the creation of a newly spun off BT would offer incentives, such as the provision of options, to existing and potential investment staff.

"It creates a compelling model that will attract new talent into this business," Coombe said at the time.

Australian shares portfolio manager Troy Angus also departed earlier this year.