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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

MTAA super fund under investigation: report

Posted on 07 June 2011

The $5.8 billion MTAA Superannuation Fund, among the country’s largest superannuation funds, is under investigation about its performance during the three years prior to June 2010, when during the heat of the global financial crisis it lost more than $500 million.
The investigation was launched by the Australian Prudential Regulation Authority (APRA), which appointed Jane Paskin, an expert on trustee duties and obligations, to head the questioning of fund employees………………………………………Full Article: Source


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