27 February 2019
UniSuper, the $70+ billion superannuation fund for Australia’s higher education and research sector, has appointed Penny Heard as Portfolio Manager within the Global Strategies and Quantitative team, further strengthening its in-house investment management capability.
Penny Heard brings over 15 years’ experience to the role, joining from JCP Investment Partners where she was a Senior Portfolio Manager and Research Analyst. Prior to this she held senior roles with Bank of America Merrill Lynch in Australia and Hong Kong.
UniSuper’s Chief Investment Officer John Pearce said of the appointment: “I’m pleased to welcome Penny to UniSuper. Her appointment adds to the considerable talent we have been able to attract from other funds and investment banks over recent years, which has enabled us to expand the scope of our in-house management activities”. Over 65% of the total Fund is now managed by UniSuper’s in-house teams.
A separate development is the appointment of Lou Capparelli to the position of Manager, Sustainable Portfolios and Governance. Lou is a member of UniSuper’s Australian equities team with extensive experience in the Australian market, including senior roles at Blackrock and Evans and Partners.
Pearce said: “ESG teams are typically staffed by people who do not have direct portfolio management responsibilities, so Lou’s appointment places us in a relatively unique position in the industry. His appointment is testament to how committed we are to factoring environmental, social, and governance considerations into the investment process.”
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Note to editors
UniSuper is one of Australia’s largest superannuation funds, and is run solely for the benefit of its members. For more than 35 years, UniSuper has been managing super for people employed in the higher education and research sector. UniSuper currently invests around $85 billion on behalf of approximately 450,000 members.