BAFO at Aveo | BofA names new ECM head | GemLife tests IPO waters

Good evening,

Aware Super, the country’s third-largest superannuation fund, has hired two private capital heavy-hitters to provide oversight of its investment portfolio as it punches past $190 billion.

Sue Brake, who has previously served as the now-$230 billion Future Fund’s chief investment officer, has agreed to join Aware Super’s investment committee, alongside Macquarie stalwart Grant Smith, who until last year had headed Macquarie’s infrastructure and real assets investment portfolio in Australia and New Zealand.

Both have been appointed for an initial period of two years, and will oversee the management of the investment portfolio as well as advise Aware Super’s board.

Read the full story tomorrow and more on the Street Talk page.

Street Talk can reveal GemLife’s owners, Queensland’s Puljich family and Thakral Capital, have mandated JPMorgan and Morgan Stanley to tee up introductory meetings with listed equities investors. Long-time adviser Highbury Partnership is acting as financial adviser.

The Australian sharemarket edged higher on Wednesday as a sharp rally in property stocks helped to offset losses in the mining giants ahead of US President Donald Trump’s highly anticipated tariff announcements.

Click here for the latest equity market wrap.