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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Super funds propose merger

Posted on 17 November 2010

From Smh.com.au: NSW public sector superannuation fund First State Super and Victoria’s Health Super have agreed to merge to create a fund worth more than $28 billion. Due diligence is under way after the two funds signed a heads of agreement, with a targeted merge date of June next year.
If successful, the merger will see the creation of a fund with more than $28 billion in funds under management and about 750,000 members, making it one of the five largest super funds in Australia……………………………………….Full Article: Source


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