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 Whether you’re a member of the media or simply want to stay informed, this page provides all the latest media releases from Statewide Super.

  • Statewide Super to pursue other opportunities

    Statewide Super has today announced that it will pursue other opportunities and will not continue tripartite discussions with WA Super and Tasplan Super.

    Statewide Super, mindful that the prudential regulator has urged funds to assess merger opportunities, will continue to actively pursue inorganic and organic growth, such as the recent successful tender for NT Government superannuation.

    Statewide Super CEO, Tony D’Alessandro, says merger opportunities will be reviewed on a case-by-case basis, with members’ interests at the forefront.

    “We have a member-first culture and we are open to merger propositions as long as it is proven to be in member’s best-interest.

    “Statewide Super has a positive position in the marketplace and this means the breadth and scale of a merger would need to make sense for the fund and our members.

    “We will continue to look for ways to deliver greater value, improve returns, and negotiate better insurance cover, and we know that sometimes mergers are the best way to deliver this,” says Mr D’Alessandro.

    Statewide Super has more than $9.8 billion in funds under management, is one of the top-performing funds in the country and has the highest 5-Star Rating with CANSTAR. The organisation is proud of establishing itself as the industry superannuation fund of choice for the central corridor of Australia.

    Statewide Super is heavily invested in the community and has a proven track record of strong investment performance.

    Media Contact: Domenique Downie of Statewide Super on 0417804986

  • Con Michalakis named CIO of the Year

    Statewide Super Chief Investment Officer, Con Michalakis was named CIO of the Year at the 2019 Conexus Financial Superannuation Awards in Sydney last night.

    In the only category to be awarded to an individual, Michalakis eclipsed CIO peers from a field of finalists that included Host Plus, MLC and WA Super.

    “The Conexus Financial Superannuation Awards are arguably the most highly sought after in our sector and it’s an honour to receive this accolade”.

    Michalakis has been consistently recognised as being amongst the best investment strategists in the industry over many years.
    “I am fortunate in that every day, I go to work alongside our incredibly switched on investments team and external asset experts. We’re all there with the same purpose and drive, which is to maximise our members returns for their future” said Michalakis.

    Statewide Super CEO Tony D’Alessandro, says that much of the fund’s growth has come down to Michalakis’s approach of getting the basics right. “Michalakis and his Investments team have delivered strong results for our members by positioning the portfolio to be resilient and providing excellent returns, irrespective of market volatility.”

    Michalakis says success as a CIO comes down to three things: getting the investment governance structure right, putting the right people into that structure and developing a sound set of investment beliefs.

    “Today, with those important things in place, our continuing focus is on increasing the resilience of the portfolio”

    Statewide Super has experienced exceptional investment returns with nine (out of ten) investment options delivering top quartile results nationally and their MySuper product delivering an average return of 8.77% per cent per annum, over the five year period to January 2019.*

    Con Michalakis was appointed as Chief Investment Officer at Statewide Super in August 2008 and had been a finalist in the Awards for three years running.

    *Based on hard-close unit prices at 31 January 2019 according to SuperRatings Fund Crediting Survey January 2019 SR50 MySuper Index.
    Investment returns can go up and down and are not guaranteed. All investments have risk, and past performance is not a reliable indicator of future performance.