Cbus
Cbus, the industry super fund for the building, construction and allied industries, today confirmed three key appointments in their Investment team in the roles of Head of Property, Head of Private Equity and Head of Equity Portfolio Construction.
Cbus Chief Investment Officer Kristian Fok said, “The quality of Cbus’ Investment team has always been key to its success. We are an innovative long term investor with a total portfolio perspective. As part of this approach, we focus on taking advantage of the Fund’s scale by continuing to build in-house expertise to manage significantly larger funds under management and to continue to deliver strong long term returns. This provides greater flexibility for the Fund to capture attractive investment opportunities whilst reducing management costs. These key new appointments support this strategy and our continued success for Cbus’ members.”
Cbus Super appoints 3 to boost in-house management
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Cbus, a Melbourne-based super fund focused on employees of Australia s construction and building trades, appointed new heads of investment for the A$54 billion ($41.8 billion) fund s real estate, private equity and equity portfolio construction teams.
John Longo will join in mid-February as head of property, a news release said Friday. Mr. Longo will replace
Brian McGovern, who ll stay on for a few months to assist in the transition, a Cbus spokeswoman said in an email. Mr. McGovern could not immediately be reached for comment.
Mr. Longo was a senior investment director, property at AustralianSuper, a Melbourne-based industry fund overseeing more than A$200 billion in retirement assets. An AustralianSuper spokesman could not be reached for comment regarding a replacement.