Cbus mandate sets IFM milestone
Building industry fund Cbus has helped Industry Funds Management (IFM) pass a milestone — $10 billion in total cash funds under management.
IFM and Cbus announced this week that the super fund had awarded IFM a $300 million cash mandate.
Commenting on the passing of the milestone, IFM Debt Investments team director Scott Barker said the growth in cash funds under management was a significant achievement, and came on the back of support from a number of long-term investors.
Cbus executive manager - investment strategy, Kristian Fok, said awarding the cash mandate to IFM made obvious sense given the manager's proven ability as a debt specialist.
"We were attracted to the manner in which IFM runs a disciplined cash process with strong risk controls," he said.
Recommended for you
ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments.
CFS has formed a strategic partnership with the University of Sydney to support the responsible development of AI solutions in the wealth management sector.
Increasing traction among high-net-worth advisers and a stabilisation in adviser exits have helped Praemium report quarterly net inflows of $667 million in the third quarter of 2025.
ETF provider VanEck has announced its intention to launch a uranium and energy solution as global political agendas point to expansion in this sector.
