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Superannuation
04 July 2025 by Maja Garaca Djurdjevic

From reflection to resilience: How AMP Super transformed its investment strategy

AMP’s strong 2024–25 returns were anything but a fluke – they were the product of a carefully recalibrated investment strategy that began several ...
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Regulator investigating role of super trustees in Shield and First Guardian failures

ASIC is “considering what options” it has to hold super trustees to account for including the failed schemes on their ...

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Magellan approaches $40bn, but performance fees decline

Magellan has closed out the financial year with funds under management of $39.6 billion. Over the last 12 months, ...

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RBA poised for another rate cut in July, but decision remains on a knife’s edge

Economists from the big four banks have all predicted the RBA to deliver another rate cut during its July meeting, ...

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Retail super funds deliver double-digit returns despite market turbulence

Retail superannuation funds Vanguard Super and Colonial First State have posted robust double-digit returns for ...

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Markets climb ‘wall of worry’ to fuel strong super returns, but can the rally last?

Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an ...

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Aberdeen bolsters equities team

  •  
By Stephen Blaxhall
  •  
2 minute read

Aberdeen Asset management has added a 20-year industry veteran to its equities team.

Aberdeen Asset management has added socially responsible investments (SRI) specialist Andrew Preston to its Sydney-based equities team.

Preston, an expatriate Australian with over 20 years at Aberdeen, has specialised in SRI since 1992 and was appointed head of Aberdeen's SRI team in 1996.
 
Formally based at Aberdeen's Edinburgh offices Preston joins the Sydney team as a senior investment manager.

Preston previously managed equity portfolios in the UK, US and Japanese markets, and global portfolios primarily for North American clients.

He joined Aberdeen in 1985 from the Australian Department of Foreign Affairs.

 
 

"Andrew's move will strengthen further Aberdeen's equity team in Sydney at a time when the group's presence in the local marketplace has been enhanced with the acquisition of Deutsche Asset Management's domestic equity and fixed income businesses," Aberdeen Asset Management head of equities Hugh Young said.