Medibank Private Health Insurance was served with a second class action lawsuit related to its disclosures on its cyber security systems leading up to a.
HESTA adds executive for in-house fixed-income management
Stephen Howard will join HESTA, the Australian super fund focused on health-care workers, as general manager, defensives.
The position overseeing the internal management of the fund s fixed-income and cash holdings is new, according to a news release Wednesday from the A$60 billion ($46.4 billion), Melbourne-based fund. Mr. Howard starts May 3.
After the management of some of HESTA s equity allocations are brought in-house this year, Mr. Howard will be leading the next phase of our internalization journey, as we move to internally manage fixed interest and cash instruments, Sonya Sawtell-Rickson, the fund s chief investment officer, said in the release.