UniSuper appoints Portfolio Manager

UniSuper has announced the appointment of Penny Heard to the newly-created role of portfolio manager within the $70 billion fund's global strategies and quantitative team.

Heard, who has over 15 years' experience, joins from JCP Investment Partners where she served as a senior portfolio manager and research analyst. Prior to this, she held senior roles with Bank of America Merrill Lynch in Australia and Hong Kong.

UniSuper's chief investment officer John Pearce said of the appointment: "I'm pleased to welcome Penny to UniSuper. Her appointment adds to the considerable talent we have been able to attract from other funds and investment banks over recent years, which has enabled us to expand the scope of our in-house management activities".

Over 65% of the total fund is now managed by in-house teams, UniSuper said.

UniSuper has also announced the appointment of Lou Capparelli as manager, sustainable portfolios and governance.