may be on the beach, but he's also lending his expertise down under.
| Gus Sauter|
Retired Chief Investment Officer
Last week Brisbane, Australia-based Sunsuper revealed
the addition of the former Vanguard CIO to the Sunsuper investment committee.
The Australian Financial Review
and the Sydney Morning Herald
both reported on the news.
is a $34-billion superannuation fund that is owned by two unions in Queensland and by the Chamber of Commerce and Industry Queensland. Sunsuper is a "profit-for-members fund"
that exists "to benefit ... members, not shareholders," a structure that sounds similar to the mutually-owned structure of Sauter's old employer, Vanguard. Oh, and Sunsuper teamed up with Vanguard a year ago, too.
Neil Anderson, Managing Editor
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